France Endorses Cut in Stake In SGS-Thomson by State Firms
The French government endorsed a widely anticipated plan to reduce the stake in chip maker SGS-Thomson Microelectronics NV held by French and Italian state-owned companies. In an interview with French business daily Les Echos published Tuesday, France's industry minister, Christian Pierret, sai...
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Published in | Wall Street journal. Europe |
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Main Author | |
Format | Newspaper Article |
Language | English |
Published |
Brussels
Dow Jones & Company Inc
25.02.1998
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Edition | Europe |
Subjects | |
Online Access | Get full text |
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Summary: | The French government endorsed a widely anticipated plan to reduce the stake in chip maker SGS-Thomson Microelectronics NV held by French and Italian state-owned companies. In an interview with French business daily Les Echos published Tuesday, France's industry minister, Christian Pierret, said the government "isn't opposed" to reducing the joint stake to 51% from 69%, allowing SGS-Thomson to "finance its industrial development." |
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ISSN: | 0921-9986 |