April 9, 2019 / 1:19 PM / in 11 days

France eyeing both Chinese and U.S partnerships for St Gobain plant

FILE PHOTO: French Finance and Economy Minister Bruno Le Maire leaves after a meeting at the Elysee Palace in Paris, France, March 26, 2019. REUTERS/Philippe Wojazer/File Photo

PARIS (Reuters) - French Finance Minister Bruno Le Maire said he was examining all options regarding St Gobain’s Pont-A-Mousson plant, including possible deals with a Chinese partner or a U.S. fund.

“We will look at all the possible options,” Le Maire told the French parliament on Tuesday, in response to a question from a lawmaker.

Le Maire did not identify either the Chinese firm nor the U.S. fund which he said were interested in the St Gobain Pont-A-Mousson plant.

French media had earlier reported that St Gobain was considering the sale of a 60 percent stake in its Pont-A-Mousson unit to Chinese company XinXing Ductile Iron Pipes.

Reporting by Sudip Kar-Gupta; Editing by Leigh Thomas

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