The French government is selling a 3.6% stake in jet engine maker Safran worth 937m euros ($1.3bn).
France's Finance Minister Pierre Moscovici says the proceeds will finance new investments "designed to boost the national economy".
The government will remain Safran's biggest shareholder with a stake of more than 22%. The government has also recently sold stakes in aerospace group EADS and airport operator ADP.
The funds are being used to finance $12bn euros of state investment in a hope to boost growth and drive down unemployment.
Safran is considered one of France's leading industrial firms and makes engines for airliners, combat aircraft, helicopters and missiles.
It has a partnership with GE called CFM international which makes engines for Airbus and Boeing aircraft, including the A380 superjumbo. It also makes electronics for the defence industry and security equipment.
bbc.co.uk
France's Finance Minister Pierre Moscovici says the proceeds will finance new investments "designed to boost the national economy".
The government will remain Safran's biggest shareholder with a stake of more than 22%. The government has also recently sold stakes in aerospace group EADS and airport operator ADP.
The funds are being used to finance $12bn euros of state investment in a hope to boost growth and drive down unemployment.
Safran is considered one of France's leading industrial firms and makes engines for airliners, combat aircraft, helicopters and missiles.
It has a partnership with GE called CFM international which makes engines for Airbus and Boeing aircraft, including the A380 superjumbo. It also makes electronics for the defence industry and security equipment.
bbc.co.uk
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