UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
COFLEXIP STENA OFFSHORE GROUP S.A.
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(Name of Issuer)
Sponsored American Depository Receipts
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(Title of Class of Securities)
192384105
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(CUSIP Number)
- ----------
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
SCHEDULE 13G
CUSIP No. 192384105
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Investment Corporation, as Investment Advisor to certain
entities and accounts
I.R.S. #22-2152310
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of Delaware
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5 Sole Voting Power
Number of
Shares 1,062,381
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
1,062,381
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,062,381
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
8.66% (15.30% if aggregated with the shares owned by GE Investment
Management Incorporated)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 192384105
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GE Investment Management Incorporated, as Investment Advisor to certain
entities and accounts (I.R.S. #06-1238874)
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of Delaware
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5 Sole Voting Power
Number of
Shares 815,201
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
815,201
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
815,201
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented By Amount in Row (9)
6.64% (15.30% if aggregated with the shares owned by General Electric
Investment Corporation)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 192384105
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Company
(I.R.S. #14-0689340)
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of New York
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5 Sole Voting Power
Number of
Shares Disclaimed (see 9 below)
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
Disclaimed (see 9 below)
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
Beneficial ownership of all shares disclaimed by General Electric Company
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
Not applicable
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12 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 Pages
<PAGE>
INTRODUCTORY NOTE: General Electric Investment Corporation ("GEIC"), as an
Investment Adviser (registered under the Investment Advisers Act of 1940) to
certain entities and accounts, may be deemed to be a beneficial owner of
1,062,381 shares of Sponsored American Depository Receipts ("ADR's") owned by
such entities or accounts. GE Investment Management Incorporated ("GEIM"), as an
Investment Adviser (registered under the Investment Advisers Act of 1940) to
certain entities and accounts, may be deemed to be a beneficial owner of 815,201
shares of ADR's owned by such entities or accounts. The ADR's held by GEIC and
GEIM convert into Common Stock and constitute 15.30% of the total number of
ADR's outstanding. GEIC and GEIM each expressly disclaim beneficial ownership of
ADR's owned by filing persons other than itself. GEIC and GEIM expressly
disclaim that they are members of a "group" but collectively hold 1,877,582
ADR's. General Electric Company, a New York corporation, disclaims beneficial
ownership of all ADR's. General Electric Company expressly disclaims that it is
a member of a "group".
Item 1(a) Name of Issuer
COFLEXIP STENA OFFSHORE GROUP S.A.
Item 1(b) Address of Issuer's Principal Executive Office
23 Avenue de Neuilly
Paris, France 75116
Item 2(a) Name of Person Filing
General Electric Investment Corporation ("GEIC"), as Investment
Adviser to certain entities and accounts
GE Investment Management Incorporated ("GEIM"), as Investment
Adviser to certain entities and accounts
General Electric Company (see Schedule 1)
Item 2(b) Address of Principal Business Office
The address of the principal offices of General Electric
Investment Corporation and GE Investment Management Incorporated
is 3003 Summer Street, Stamford, Connecticut 06904. The address
of the principal offices of General Electric Company is 3135
Easton Turnpike, Fairfield, Connecticut 06431.
Item 2(c) Citizenship
General Electric Investment Corporation - Delaware
Page 5 of 12 Pages
<PAGE>
GE Investment Management Incorporated - Delaware
General Electric Company - New York
Item 2(d) Title of Class of Securities
Sponsored American Depository Receipts
Item 2(e) CUSIP Number
192384105
Item 3 If this statement is filed pursuant to Rules 13d- 1(b) or
13d-2(b), check whether the person filing is a:
(a) [ ]Broker or Dealer registered under Section
15 of the Act
(b) [ ]Bank as defined in Section 3(a) of the
Act
(c) [ ]Insurance Company as defined in Section
3(a)(19) of the Act
(d) [ ]Investment Company registered under
Section 8 of the Investment Company Act
(e) [ ]Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940
(f) [ ]Employee Benefit Plan, Pension Fund which
is subject to the provisions of the
Employee Retirement Income Security Act
of 1974 or Endowment Fund; see ss.240.13d-
1(b)(1)(ii)(F)
(g) [ ]Parent Holding Company, in accordance
with ss.240.13d-1(b)(ii)(G) (Note: See Item
7)
(h) [X]Group, in accordance with ss.240.13d-
1(b)(1)(ii)(H)
Item 4 Ownership
(see cover pages and introductory note)
Page 6 of 12 Pages
<PAGE>
Item 5 Ownership of Five Percent of Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
Not applicable.
Item 8 Identification and Classification of Members of the Group
Not applicable.
Item 9 Notice of Dissolution of Group
Not applicable
Page 7 of 12 Pages
<PAGE>
Item 10 Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purposes or effect.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
BY: /s/ John H. Myers
-----------------------------------
John H. Myers
Vice President
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 1997 GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 1997 GENERAL ELECTRIC COMPANY
BY: /s/ John H. Myers
-----------------------------------
John H. Myers
Vice President
<PAGE>
SCHEDULE I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned that
the Schedule 13G on or about this date and any amendments thereto with respect
to the beneficial ownership by the undersigned of American Depository Receipts
of Coflexip Stena Offshore Group S.A. is being filed on behalf of each of the
undersigned.
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
-----------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
BY: /s/ John H. Myers
-----------------------------------
John H. Myers
Vice President
