Stronger regulations will accompany any French privatizations: Elysee adviser

PARIS (Reuters) – Regulations will need to be strengthened before any eventual privatization of Paris airports operator ADP (PA:) and lottery company La Francaise des Jeux, an adviser to French President Emmanuel Macron said on Tuesday.

The government has said that it intends to sell off or reduce non-strategic stakes it holds to establish a 10 billion euro ($11.6 billion) innovation fund.

The adviser told reporters the state did not need to keep a majority stake in these companies.

The government has not yet made a decision about its stakes in ADP, utility Engie (PA:) or FDJ, another official in the president’s office said earlier this month.

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