September 1, 2019 / 8:57 AM / 22 days ago

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

FILE PHOTO: A scratch card from the French lottery company Francaise des Jeux (FDJ) is seen in this picture illustration taken June 15, 2018. REUTERS/Benoit Tessier/Illustration

PARIS (Reuters) - France aims to privatise its national lottery company Francaise des Jeux (FDJ) in November, Finance Minister Bruno Le Maire said on Sunday.

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 televsion, Europe 1 radio and daily Les Echos.

Reporting By Simon Carraud,; Writing by Laurence Frost; Editing by Raissa Kasolowsky

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