It’s becoming harder and harder to find any Sema Group Plc shares to trade and the number freely held has fallen to 13% following Cap-Gemini-Sogeti SA finding enough to add another 1% or so and take its stake to 26%: the biggest French shareholders, Banque Paribas, which alone has a decisive 39%, Credit Agricole, 4.7% and Schneider SA 7.7% insist that they are long-term holders friendly to present management – and CIN, the front for the Coal Board Pension Fund, has said the same, but it can’t be trusted after its treacherous treatment of Globe Investment Trust Plc; CIN has 6.8%, which seems to suggest that if all the French holders stand fast, control of the firm is still just out of reach of Cap Gemini.
NUMBER OF FREELY HELD SEMA GROUP SHARES FALLS TO 13%
