(Bloomberg) -- The French government is selling as
much as 7 percent of France Telecom SA, a stake worth about 3.8
billion euros ($5.1 billion), as newly elected President Nicolas
Sarkozy seeks to reduce debt before implementing tax cuts.
France will sell between 130 million and 180 million shares
in Paris-based France Telecom, cutting its stake in Europe's
third-biggest phone company to as low as 25.5 percent, Finance
Minister Christine Lagarde said in an e-mailed statement late
yesterday. The government will remain a ``significant
shareholder'' for ``the medium term,'' she said.
Read more at Bloomberg Bonds News
much as 7 percent of France Telecom SA, a stake worth about 3.8
billion euros ($5.1 billion), as newly elected President Nicolas
Sarkozy seeks to reduce debt before implementing tax cuts.
France will sell between 130 million and 180 million shares
in Paris-based France Telecom, cutting its stake in Europe's
third-biggest phone company to as low as 25.5 percent, Finance
Minister Christine Lagarde said in an e-mailed statement late
yesterday. The government will remain a ``significant
shareholder'' for ``the medium term,'' she said.
Read more at Bloomberg Bonds News
No comments:
Post a Comment