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France to sell part of stake in Paris airports

France is preparing to sell its shares as part of the Paris airport company to run and use to raise funds to help boost the weak economy, France.
In a statement Thursday, the government said it is selling up to 10 million shares - which will reduce the national total investment of about 50% from 60%. Did not provide further financial details, but sales could raise up to 700 million euros ($ 90.6 billion), based on Wednesday's closing price.
Finance Minister Pierre Moscovici said the sale will free up capital to invest in new areas. France is 11%, the economic recession and unemployment stands.
The sale will take place market-oriented long-term investors, including potential employees.
 



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