TOWARDS THE PRIVATIZATION OF THE FRENCH GAMES

The French state is about to give up one of its family jewels: the French Games. The entry of the FDJ on the Paris stock exchange is indeed set to 21 November 2019. From 7 November, those who wish will be able to subscribe shares of the FDJ .

The FDJ was born in 2009, but it all began in 1933. The state is inspired by the lottery of the broken mouths of 14-18 and creates the National Lottery. Since then, the brand FDJ has entered the heritage and its various games arouse passion for many. It is a successful company with a colossal turnover of 1.8 billion euros in 2018.

This November 7, the state puts the fate of the French games (FDJ) in the hands of investors. He, who until now held 72% of the inheritance company of the National Lottery, created in 1933 to finance the reintegration of the "broken mouths", decided to sell 52% on Euronext.

This privatization was voted in the context of the Pact Act and validated on October 17th by the Autorité des Marchés Financiers.

It should allow the State to collect more than 1 billion euros (the operation could even bring up to 1.9 billion euros) to accelerate the endowments to the fund for innovation.

But at the price of selling off our family jewels however and to tax the gains ...

And do not we also deprive ourselves of "an annual return of 100 million euros for a one shot of a billion.

As denounced by Christian Eckert, former Secretary of State for Budget between 2014 and 2017 ?

Andrew Preston for DayNewsWorld