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Orange, Renault stake sales not priority for France - minister

Published 16/10/2014, 08:13
© Reuters The logo of French car manufacturer Renault is seen on an automobile in Vendenheim
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PARIS (Reuters) - French Economy Minister Emmanuel Macron said on Thursday that selling state stakes in telecoms company Orange (PA:ORAN) or carmaker Renault (PA:RENA) was not a priority for the government as it undertakes a privatisation drive.

"For the companies that you have cited (Orange and Renault), that is not a priority for the time being, and our desire is not to reduce stakes in those two companies," Macron told France Inter radio.

© Reuters. The logo of French car manufacturer Renault is seen on an automobile in Vendenheim

The French government has said it plans to sell 5-10 billion euros of its 100 billion euros (80.23 billion pounds) in assets over the next 18 months.

(Reporting by Nicholas Vinocur and Chine Labbe; Editing by James Regan)

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