France braces for a major fire sale of state assets designed to fund President Emmanuel Macron’s spending plans.
The French President reportedly aspires to create a €10bn Euro fund, which accounts for roughly 10% of the value of state-owned assets.
The state holds shares in 81 French companies, via a holding company (Agence des participations de l'Etat). State-owned shares in these companies are currently valued at approximately €100bn. These are mostly firms regarded “strategic,” ranging from...
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