France says to float less than 30 pct of SANEF

Newswire

PARIS, March 9 (Reuters) - France will start the process of floating part of motorway operator Autoroutes du Nord et de l'Est de la France (SANEF) on Thursday with a capital increase of up to 950 million euros, the Finance Ministry said.

Shares in the state-owned company, which runs toll roads in the north and east of France, are being priced in a 36 to 41 euro per share range for institutional investors and in a 35-40 euro range for individuals, the Finance Ministry said in a ...

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