France plans to privatise lottery company Francaise des Jeux in November - finance minister

Record ID: 1429547

  • Title: France plans to privatise lottery company Francaise des Jeux in November - finance minister
  • Date: 1st September 2019
  • Summary: PARIS, FRANCE (FILE - JULY 8, 2011) (REUTERS) EXTERIOR OF LOTTERY KIOSK SIGN FOR FRANCAISE DES JEUX LOTTERY COMPANY VARIOUS OF MAN FILLING OUT LOTTERY TICKET EUROMILLIONS POSTER AT KIOSK
  • Embargoed: 15th September 2019 11:01
  • Keywords: France gambling Francaise des Jeux lottery privatisation Bruno Le Maire finance minister
  • Location: PARIS, FRANCE
  • City: PARIS, FRANCE
  • Country: France
  • Topics: Budget/Taxation/Revenue,Government/Politics
  • Reuters ID: LVA001AUTTAO7
  • Aspect Ratio: 16:9
  • Story Text:France aims to privatise its national lottery company Francaise des Jeux (FDJ) in November, Finance Minister Bruno Le Maire said on Sunday (September 1).
    The French state, which currently controls 72% of FDJ, has said it plans to retain at least 20% of Europe's second-biggest lottery operator following the sell-off, promised for this year.
    Le Maire said the privatisation would most likely occur "during the month of November" barring any sharp stock market downturn. He was speaking in an interview with CNEWS television, Europe 1 radio and the daily Les Echos.
    Le Maire said the privatisation of the lottery company would entail the instatement of an independent gambling regulation authority, which will be in charge of the combat against gambling addiction, in particular among young people.
    The authority's president would be named "in the coming weeks", Le Maire said.
    (Production: Ardee Napolitano)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register