France launches motorway firm SAPRR float

Newswire

PARIS, Nov 9 (Reuters) - France launched the sale of almost a third of state-owned motorway firm Autoroutes Paris-Rhin-Rhone to the public on Tuesday, another step in a part-privatisation of endebted institutions to take pressure off its budget.

The flotation will raise a maximum of 1.35 billion euros for the firm, which runs a 2,200 kilometre road network in central and eastern France, while maintaining the state's majority control.

France's Finance Ministry said on ...

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