Sunday, December 7, 2014

French Games: privatization ruled out? – BBC

French Games: privatization ruled out? – BBC

The government has given up the privatization of the French Games, which will remain for now in the hands of the state, according to The Sunday Journal (JDD), which did not cite his sources. This privatization “has just been put away,” the newspaper writes, while a transfer, at least in part, was regularly mentioned recently. The new CEO, Stephen Pallez named in early October, had highlighted his experience in privatization, but without revealing the state’s intentions for the company, which is also very profitable.

According to the JDD , the state has never really planned privatization “as too complex to implement.” The newspaper notes that the government prefers the status quo as it collects almost 3 billion euros per year from taxes on gambling. JDD concludes by stating that the new president “will have to first convert the JDF before considering the plunge in private,” without elaborating.

When asked about this by Le Monde , the Economy Minister, Emmanuel Macron, however, had responded on November 15: “We will start by other companies such as regional airports or companies where the state has double voting rights. “

The FDJ is 72% owned by the state, 20% from the” old transmitters Lottery Tickets National “(veterans and war casualties associations, private companies and exchange games, Mutual of treasury officials) and by the employees and the grouping of Soficoma brokers.

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