French government to sell control of France TÃ©lÃ©com
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The French government will sell a 9.6% stake in France TÃ©lÃ©com, taking its holding below 50%, announced the Ministry of the Economy, Finance and Industry.
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Outgoing French Finance Minister Nicolas Sarkozy is due to be made head of President Jacques Chirac's governing UMP party on Sunday.
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The French president wants an agreement to streamline the dual French-German management at Airbusâs parent company, EADS.
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PARIS/LONDON  - France will sell up to 12.1  percent of France Telecom in Europe's largest share placement  in four years, bringing as much as 5.75 billion euros ($6.95  billion) into state coffers as it strives to cut national debt.
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French Finance Minister Nicolas Sarkozy resigned Monday in order to take over the leadership of the ruling center-right Union for a Popular Movement (UMP) party, French TF1 television quoted government officials as saying.
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The French government will further privatise Areva in the first half of 2005, bringing the listed capital of the world's leading civilian nuclear energy group to 35-40 percent, Economy Minister Nicolas Sarkozy revealed.
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France was selling almost half its stake in Air France KLM on Thursday as part of a wider deal which could see its remaining stake cut to below 20% and give staff shares in return for pay cuts.
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A â¬700 million (Â£484 million) stake in Air France-KLM was put up for sale by the French Government yesterday, as part of an effort to more than halve its holding in the carrier to below 20 per cent.
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The French government announces the privatisation of three major energy companies in 2005.
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The French government will give up at least five percent of its stake in France Telecom and use the money to reduce national debt, Economy Minister Christine Lagarde said in a statement Sunday.
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Mesdames, Messieurs, France is now open for business. Nicolas Sarkozy won the French presidency on pledges to open up the economy, and his government is selling one message: Things have changed.
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France Telecom said Monday it will buy out minority shareholders from Equant NV to facilitate a drastic restructuring of the corporate networking subsidiary.
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France's president is heading for a showdown with European finance ministers over the French economy.
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PARIS  - France launched the sale of at least 9.6 per cent of France Telecom, a move that could raise up to &#36;7.1 billion US that will be used to help the French government reduce its national debt.
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France signed more than two billion euros (2.8 billion dollars) of civilian and military contracts with Morocco on Monday during a state visit by French President Nicolas Sarkozy.
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The Mexican government said it would sell its controlling stake in AeromÃ©xico to an investor group that includes Banamex, the Mexican subsidiary of Citigroup.
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PARIS - French airports are set to be opened to private investors after the government unveiled privatisation plans last week that stirred anger among trade unions and the opposition.