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Privatisation of French lottery operator FDJ to begin in November

The hitherto state-run French lottery operator Française des Jeux (FDJ) will begin opening up its capital to private investors as of November 7th, French economy and finance minister Bruno Le Maire has announced, amid expectations that the sales of shares will raise around 1 billion euros.

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The subscription period for the initial public offering of the Française des Jeux (FDJ) lottery operator will take place in November, France’s finance minister said in an interview published on Saturday, reports Reuters.

“The French people and investors will be able to subscribe to FDJ shares between November 7th to November 20th,” Bruno Le Maire told the Sunday weekly newspaper JDD, adding that the state was not fixing a limit for the offering.

Read more of this report from Reuters.