ADP, FDJ: state agency denies hiring Credit Suisse and BNP Paribas for privatisation
French state-owned agency Agence des Participations de l’Etat (APE) has denied previous reports that it had appointed Credit Suisse to advise on the privatisation of listed French airports operator Aeroports de Paris [EPA:ADP], according to a newswire. Reuters cited yesterday (Thursday) a spokesperson for APE as saying that the agency did not mandate Credit Suisse, nor did it appoint BNP Paribas to advise on the privatisation of French lottery and gaming specialist Française des Jeux (FDJ).
The French government owns via APE 72% of FDJ and 50.6% of ADP. The spokesperson said that the information appeared in the press were rumours without any basis, adding that the government had yet to take a decision regarding a modification of ADP’s and FDJ’s shareholder capital.