France to pocket 2 billion euros from lottery IPO - Le Maire
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PARIS (Reuters) - The privatisation of French national lottery operator Francaise des Jeux (FDJ) will generate 2 billion euros (£1.7 billion) in proceeds after an initial public offering that was heavily over-subscribed, Finance Minister Bruno Le Maire said on Wednesday.Le Maire confirmed the IPO was priced at 19.90 euros ($22.02) per share for institutional investors, the upper end of the range the shares were offered at. Investors including retail buyers placed total orders worth 11 billion..