French Govt Must Stop Rumors on Sale of Orange Stake, Union Says - Bloomberg

(Bloomberg) -- Orange is strategic co. for France, must be considered by French government as one of country’s industrial flagships, labor union CFE-CGC says in letter sent to French Prime Minister Edouard Philippe.

• NOTE: French state owns ~23% of Orange
• Persistent rumors of French government divestment are harmful to Orange shares, company confidence: CFE-CGC
• Orange employees are concerned about future of French stake in Orange, union says

RELATED: French PM Says State to Sell Assets, Privatization Not Discussed

Dépêche Bloomberg du 12/09/2017