France to Sell Part of Francaise des Jeux

12 June 2008

France's government says it will sell a stake in lottery company Francaises des Jeux, which is 72 percent owned-by the state.

The government has not indicated how large a stake it will sell nor to whom it shall sell it.

In recent weeks the government has said it wants to sell some of the state's shareholdings in order to raise money for various initiatives.

Francaises des Jeux has a monopoly on numbers games in France. The remaining 28 percent of the company that is not owned by the government is held by employees and charities.