French election set to shake up state's corporate portfolio


  • World
  • Saturday, 22 Apr 2017

PARIS (Reuters) - The French presidential election is set to lead to a shake-up of the state's extensive portfolio of corporate holdings, whether it is the broad sell-off promised by frontrunner Emmanuel Macron and Francois Fillon, or the expanded government role targeted by Marine Le Pen and Jean-Luc Melenchon.

Through the public bank Caisse des Depots and the holding companies Bpifrance and APE, the state has stakes in some 1,750 French companies with a combined value of nearly 100 billion euros, of which shares worth 77.4 billion euros were bourse-listed at the end of 2016. (Graphic of French state holdings: http://reut.rs/2oR8i0P)

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