France plans stake sales to fund public investment

France will use further sales of state shares in firms to help finance a new 12 billion euro (HK$119.5 billion) public investment drive, Prime Minister Jean-Marc Ayrault said.

With the economy struggling to eke out growth, Ayrault’s government is eager to keep up investments over the next decade while limiting the impact on the public finances, which it is struggling to bring into line with European Union demands.

via Business feed http://www.scmp.com/business/economy/article/1279417/france-plans-stake-sales-fund-public-investment