New French privatisations push begins with lottery sale


The French government aims to sell down its stake in the Francaise des Jeux (FDJ) lottery operator from 72% currently to 20% when the shares are due to begin trading on November 21st, hoping raise up to 1.7 billion euros for state funds.

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The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale of the majority of its stake in the national lottery monopoly, reports FRANCE 24.