France streamlines with SFIL’s transfer to CDC

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France streamlines with SFIL’s transfer to CDC

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The French national flag is pictured in Klettwitz, Germany, 26 May 2011. Photo: Patrick Pleul | Patrick Pleul/DPA/PA Images

The French government has taken further steps to rationalise its various public sector lending institutions with the transfer of a controlling stake of SFIL to Caisse des Dépôts et Consignation (CDC), a move that should theoretically help lower public spending.

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