January 18, 2018 / 3:57 PM / 7 months ago

Report on French lottery FDJ privatisation due mid February-sources

PARIS, Jan 18 (Reuters) - BNP Paribas bank and law firm Weil, Gotshal & Manges LLP, mandated by France’s state holding company APE to prepare the privatisation of state lottery Francaise des Jeux, will hand in a report on the operation by mid-February, two sources familiar with the situation told Reuters.

One source said the state could expect to raise between 600 and 800 million euros if it sold a 30 percent stake in FDJ to a casino, foreign lottery operator or gambling consortium.

Both sources said an initial public offering of FDJ was still under consideration. (Reporting by Gilles Guillaume and Maya Nikolaeva; Writing by Geert De Clercq)

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