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FDJ shares rise in French lottery group's market debut

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By Reuters
FDJ shares rise in French lottery group's market debut
French Finance Minister Bruno Le Maire attends a ceremony for the debut of Francaise des Jeux on Euronext Paris stock market at La Defense business and financial district in Courbevoie near Paris, France, November 21, 2019. REUTERS/Charles Platiau   -   Copyright  CHARLES PLATIAU(Reuters)

PARIS (Reuters) – Shares in French lottery operator Francaise des Jeux (FDJ) rose on their stock market debut on Thursday in the country’s most high profile privatisation of the year.

The shares opened up at 23 euros versus its offer price of 19.90 euros and were trading at 23.10 euros at 0831 GMT.

Under a broader privatisation plan President Emmanuel Macron’s government aims to sell government shareholdings in certain companies to raise money to fund innovation projects and boost the overall economy.

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)