(Bloomberg) -- The French government sold a 5
percent stake in France Telecom SA for about 2.65 billion
euros ($3.57 billion), the bottom of the price range sought
by the state. The stock fell as much as 3.5 percent.
All the proceeds will be used to repay debt,
Finance Minister Christine Lagarde said late yesterday in
announcing the sale. The state will hold about 27 percent
of the former monopoly after the sale.
Read more at Bloomberg Stocks News
percent stake in France Telecom SA for about 2.65 billion
euros ($3.57 billion), the bottom of the price range sought
by the state. The stock fell as much as 3.5 percent.
All the proceeds will be used to repay debt,
Finance Minister Christine Lagarde said late yesterday in
announcing the sale. The state will hold about 27 percent
of the former monopoly after the sale.
Read more at Bloomberg Stocks News
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