French lottery group's IPO priced in range of 16.50-19.90 euros - Le Maire
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PARIS (Reuters) - The price range for the initial public offering of state-controlled lottery operator Francaise des Jeux (FDJ) will be set between 16.50 euros and 19.90 euros per share, French Finance Minister Bruno Le Maire said in a newspaper interview. The State, which currently owns 72% of FDJ, will retain a 20% stake, allowing it to weigh on governance and strategic choices, Le Maire told Le Parisien."We will this sell 52%. On that sale, we are prepared to reserve a third to individual..