Banks named for privatisation process of FDJ lottery firm

The French Agence des Participations de l’Etat (APE) has named eight investment banks to work on the planned privatisation of the state-run Francaise des Jeux (FDJ) lottery operator.

fdj

BNP Paribas, Citigroup, Goldman Sachs, SocGen, Credit Aricole, HSBC, Natixis and CIC will work on the FDJ deal, which is aimed at raising money to fund innovation projects and boost the economy.

Finance Minister Bruno Le Maire said last month, market conditions permitting, FDJ would be privatised by the end of the year, with the state potentially raising "a few billion euros" in the sale.

The FDJ is Europe’s second-largest lottery, after Italy’s Lottomatica, and is currently 72% state-owned.

Plans to privatise companies such as FDJ and airport group ADP are said to be essential to President Emmanuel Macron’s attempts to remove government involvement where he believes the private sector would deliver better investment and change.  

Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...