January 18, 2018 / 3:57 PM / 4 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below