Privatize to hit the jackpot? Without this hypothesis, Christophe Blanchard-Dignac asked about the valuation of his company in an interview with Le Monde, said Wednesday that “ investment bankers talk about 300 to € 400 million for 20% stake . I have not been formally seized but it is normal to have thoughts . “
Partial privatization raised by the government
Le Monde reported Wednesday on its website that the French government was studying “ the possible privatization, at least in part, the French Games “, citing several sources.
Agency State holdings (EPA) launched this summer, a consultation with merchant banks and the ball is now in the government’s court, the newspaper said.
The state, which controlling 72% stake in the company, would have started this discussion in the context of its policy of active management of public investments, announced in January. Contacted by AFP, the EPA said not to comment on the topic.
12.35 billion euros in sales in 2013
“If the company became more private, the regulator should strengthen its monitoring “, including in the fight against addiction and money laundering, said the leader of the French Games (FDJ). There should also be “ respect the game model and enterprise FDJ ,” adds Christophe Blanchard-Dignac.
The FDJ, which has a monopoly in France and on the lotto Scratch games, achieved in 2013 a turnover of EUR 12.35 billion, up 1.8% from the previous year.
Possible partial privatization FDJ could be part of a broader action plan. On Monday, President François Hollande notably announced that the state would “ use the proceeds from divestitures major shareholder to invest a billion in housing construction ” intermediate, midway between social housing and private market.
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