Sunday, December 7, 2014

French Games: the IPO postponed – The Tribune.fr

French Games: the IPO postponed – The Tribune.fr

The government abandoned open the capital of the French des Jeux (FDJ), controlled 72% by the state, understands the Journal du Dimanche (JDD). Assignment, at least partially was regularly mentioned for several weeks. The sale of 20% stake would have been able to bring € 400 million to the state, which nevertheless receives nearly 3 billion a year in taxes on gambling.

The privatization was deemed “too complex” and thus “put away” according to the JDD. The new CEO, Stephen Pallez named in early October, had nevertheless highlighted his experience in privatization. A reduction in state participation in the capital of the FDJ could have contributed to the debt policy and government investment.

However, Emmanuel Macron, the Minister of Economy, had told Le Monde on 15 November on this:

“We’ll start with other companies such as regional airports or companies where the state has rights double voting. “

Since then, the government announced the opening of the capital of Toulouse-Blagnac Airport to a Chinese consortium, which generated controversy.

The FDJ is 20% owned by former issuers of banknotes from the National Lottery (ie veterans associations and war wounded, private companies and exchange games, the mutual public treasury officials ) and by the employees and the grouping of Soficoma brokers.

LikeTweet

No comments:

Post a Comment