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

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France aims to privatise its national lottery company Francaise des Jeux (FDJ) i...

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

PARIS - France aims to privatise its national lottery company Francaise des Jeux 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.

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Sounds like a terrible idea unless there's plenty of regulation.

kuku27 It is invitation to mischief

way to privatize the only form of upwards mobility left in capitalism

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