France divests part of Orange stake

Reports indicate that the French government will sell part of its stake in Orange, France's largest telecommunications operator, through a secondary share offering, with the transaction expected to raise around €1.1 billion. The sale will include 66.5 million shares, reducing the government's ownership from approximately 23% to about 20.4%. The government holds double voting rights on shares registered for at least two years, granting it considerable influence within the company despite the reduced economic stake. Negotiations have been ongoing for nearly two years, aiming to maintain its influence in the company while reducing its financial investments.

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