The privatization of FDJ should begin in November, announced Bruno Le Maire

Privatization of
French Games (FDJ) could begin as early as November, said Sunday the Minister of Economy and Finance
Bruno Le Maire, interviewed on the subject on the show Le Grand Rendez-vous. "Unless markets fall by then. In November, individuals will be able to buy securities, "said Bruno Le Maire, on the European TV show 1-CNews-The echoes.

"We are thinking about discount opportunities on the price of the stock. I hope that the French participate most widely possibly with, for example, free shares depending on the duration of holding these titles, "added the minister. With its Pact law, the government has paved the way for a vast program of asset sales to feed a 10 billion euro fund dedicated to innovation: if the privatization project of the airport manager of Paris, the Group ADP, faces a referendum of shared initiative (RIP), the process normally follows its course for the FDJ.

Bruno Le Maire out of him

The state currently holds 72% of the capital of the FDJ. It will keep 20% after the privatization process "to ensure control over the addiction in addition to the future authority," said the minister. Currently, alongside the state, some 14% of the capital is held by veterans associations, "who will keep a place on the board of directors," said Bruno Le Maire.

Moreover, the French Minister of Economy has expressed his anger after the announcement of the acquisition of a German locomotive manufacturer, Vossloh, by the Chinese giant CRRC, scarecrow he had brandished in vain at the beginning of year to justify the Alstom-Siemens merger. Bruno Le Maire warned that France, with some European partners, would ask the next European Commission, which will take office on 1 November, to revise the competition rules.

"It makes me crazy because I am fighting for a Europe that protects, not for a Europe that opens its market to other players who do not open their own market," said Bruno Le Maire.