France Eyes $18 Billion Engie, Airports, Lottery Stake Sales
The French government will begin laying the groundwork this month for the sale of shares in energy provider Engie SA, airport operator Aeroports de Paris SA and lottery company Francaise des Jeux, potentially raising as much as EUR 15 billion.
BLOOMBERG NEWS, Gregory Viscusi
Proposed laws clearing the way for the sales will be presented to the cabinet on Monday, government officials said in a briefing late Tuesday. The measures aren’t expected to pass parliament until late this year or early 2019, and the timings and terms of the sales have yet to be decided, they said. The proceeds would go to reducing the state’s debt and bulking up a government investment fund.
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