France sells slice of Safran as part of Macron privatisation drive

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France sells slice of Safran as part of Macron privatisation drive

Sam Kerr
October 02, 2018 10:45 am
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French President Emmanuel Macron delivers a speech during the annual French ambassadors' conference at the Elysee Palace in Paris, France, on August 27, 2018. | /Maxppp/PA Images

The French government sold a €1.24bn stake in Safran, the French aerospace and defence company, after the market closed on Monday night, another step in fulfilling the Macron government’s economic plans.

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