News Formal

French lottery operator IPO a success with retail investors: finance minister

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Demand for the initial public offering of French national lottery operator Franc...

FILE PHOTO: Logo of French lottery group Francaise des Jeux is pictured on grids in Bordeaux, France, November 6, 2019. REUTERS/Regis Duvignau

PARIS - Demand for the initial public offering of French national lottery operator Francaise des Jeux is very strong, with retail investors having subscribed for 1 billion euros in shares, Finance Minister Bruno Le Maire said on Sunday. “As I speak there are ... 1 billion euros in retail investors subscriptions. It is a tremendous popular success,” Le Maire told BFM television.

The government began the flotation process on Thursday, as it looks to sell down its majority stake in FDJ in France’s biggest wave of privatizations in more than a decade. The share sale is expected to raise up to 1.7 billion euros for the state and about a third of it has been earmarked for retail investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
Source: Reuters - 🏆 2. / 97 Read more »

Saudi Aramco IPO set to value company up to $1.7 trillionSaudi Aramco has set a price range for its listing that implies the oil giant is...
Source: Reuters - 🏆 2. / 97 Read more »