The government is considering opening up the capital of la Française des jeux

The government is considering opening up the capital of la Française des jeux (FDJ) “while keeping the monopoly”, said Tuesday the minister of public Action, Gérald Darmanin, referring to the first partial privatization of this company.

“We consider the opening of the capital of the JDF, while keeping the monopoly”, stated the minister, on Sud Radio, without giving further details on the intentions of the government.

“We are thinking of opening the capital of the French Games #FDJ, while keeping the monopoly” @GDarmanin #SudRadioMatin

— The south Radio (@SudRadio) march 8, 2018

The State currently owns 72% of the share capital of the company and enjoys a monopoly of law on lottery games and scratch cards.

A source close to the matter had recently suggested a descent to the height of 25 or 30% of the capital, but with double voting rights, allowing the government to keep the hand on the sector.

Bercy could also make the choice of an ipo, to enable the general public to become a shareholder of the company.

What is the fate of ADP?

On the other hand, Mr. Darmanin has refused to confirm the privatisation of the manager of the airport to ADP, in which the government would like to sell all of its stake of 50.6% in the capital, according to radio BFM Business.

The name of the ADP Group, which manages the airports of Paris-Charles de Gaulle and Orly airports, is cited for months – with the JDF and Engie – among the companies that could be privatized in the framework of the comprehensive plan considered by the State to fuel the innovation fund of 10 billion euros promised by Emmanuel Macron.

(with AFP)

Leave a Reply