Ma­jor­ity of French Back Sell­ing State As­sets in Re­nault, Orange, PSA - poll

EME Outlook - - News -

A ma­jor­ity of French vot­ers back sell­ing all or some of the state’s as­sets in au­tomak­ers Re­nault and Peu­geot, air­liner Air France and tele­coms group Orange, an opin­ion poll showed re­cently.

France an­nounced last year plans to sell some €10 bil­lion (£8.78 bil­lion) worth of stakes in state-owned com­pa­nies in or­der to raise money for a new fund to fi­nance in­no­va­tion, an elec­tion pledge of Pres­i­dent Em­manuel Macron.

State stakes in big groups have long had pop­u­lar back­ing, and the Opin­ion­way poll showed two thirds of vot­ers still back it in prin­ci­ple.

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