The government of France has started a privatization move in its scheme, in this move they have set to sell the half stakes (the 25% control rudder) of their national lottery operated by Francaise Des Jeux (FDJ) via an initial public offering.
The imminent sale is expected to bring in approximately $12.28 billion that the new administration of President Emmanuel Macron (Pictured) intends to utilize in order to fulfill a campaign pledge by establishing a fund to finance innovation.
the French state owns about 72% of FDJ, which is Europe’s second largest lottery operator behind Rome-based Lottomatica SpA
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