The origin of the advantage indirectly conferred on the minority shareholders was the renunciation by the public-sector owners of that additional shareholding in HSH which they would have received if the price of the new shares had been determined correctly.
L’avantage indirect octroyé aux actionnaires minoritaires provenait du fait que les propriétaires publics ont renoncé à la participation supplémentaire dans HSH qu’ils auraient obtenue si le prix des actions avait été fixé correctement.