PARIS Feb 14 The BPI France public investment
bank aims to invest about one billion euros ($1.37 billion) in a
large or mid-sized company, and could consider investing in the
upcoming spin-off of Euronext, its head said on Friday.
The operation, which could come this year if the right
opportunity arose, would be part of the 1-2 billion euros the
BPI has earmarked for capital investments in French companies
"We would like to make a billion-euro investment in a major
deal," BPI managing director Nicolas Dufourcq said, presenting
the BPI's annual results.
Dufourcq said that one deal the BPI would look at was the
spin-off of the Euronext stock market operator from the New York
"Whether it's the (state-owned) Caisse des Depots et
Consignations (CDC) that invests in Euronext, or us, or nobody,
that remains to be seen," he said.
Eager for the stock market operator to be in French hands,
the government and regulators have for months been pushing banks
and insurers to take a large stake in Euronext, but they have
shown little enthusiasm for the idea.
The BPI, which is half owned by the French state and half by
the CDC, was set up last year to help provide funding mainly for
credit-starved small and mid-sized companies to make
Speaking at the presentation, Finance Minister Pierre
Moscovici said the BPI also "has a role to play in big companies
to help keep their shareholder structures stable".
($1 = 0.7317 euros)
(Reporting by Jean-Baptiste Vey; writing by Leigh Thomas;
Editing by Jon Boyle)