October 8, 2019 / 6:37 AM / 2 months ago

French lottery group FDJ says privatisation should take place in "few weeks"

PARIS, Oct 8 (Reuters) - The privatisation of France’s national lottery company Francaise des Jeux (FDJ) should be launched in a “few weeks”, FDJ head Stéphane Pallez told BFM Business TV on Tuesday.

Pallez’s comments echoed those made last week by France’s Finance Minister Bruno Le Maire, who had also said the privatisation of FDJ would occur in the coming weeks. Pallez said the government had indicated that a privatisation of FDJ could raise around 1 billion euros ($1.1 billion).

The privatisations of companies such as airports group ADP and FDJ are integral to President Emmanuel Macron’s plans to raise money to fund innovation projects and boost the overall economy.

$1 = 0.9107 euros Reporting by Sudip Kar-Gupta Editing by Shri Navaratnam

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