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France to make further decisions on state stake sales this autumn -APE head Vial

Wednesday, 18 Oct 2017 04:30am EDT 

Oct 18 (Reuters) - French government/APE state investment body::Head of France's APE state holding agency says decisions over possible stake sales will be made this autumn.APE head Martin Vial was addressing French politicians.Last month, the French government sold a 4.5 percent stake in gas utility Engie <<>>, kicking off an asset sale drive that aims to redeploy cash from non-strategic, mature industries towards an innovation fund. nL8N1LN1BI.Banking sources told Reuters that the national lottery, Paris's main airport operator ADP <<>>, Engie and several other firms deemed non-strategic would be part of a wave of French privatisations starting this month..Bankers say ADP, in which the state holds 50.63 percent, is high on the list of assets that could be sold. Minority shareholder Vinci <<>> has already publicly expressed interest as a possible buyer..