UPDATE 5-France announces plans to privatise Air France

Newswire

(Updates throughout, adds Alitalia reference) By Noah Barkin and Brian Love PARIS, July 29 (Reuters) - France's centre-right government set its ambitious privatisation programme rolling on Monday with an announcement that it planned to sell off a large chunk of Air France and cut the state's stake to below 20 percent. The sale, which could raise more than a billion euros ($980 million) for a cash-hungry government at current stock market prices, marked a change of French style by a new ...

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