France will not put off planned asset sales: finance minister

PARIS (Reuters) - The French government will not put off planned asset sales aimed at financing an innovation fund, French Finance Minister Bruno Le Maire said on Monday.

The French media has recently raised the possibility that plans to sell down stakes in airport operator ADP (NASDAQ: ADP) and utility Engie could be pushed back on account of France's "yellow vests" social unrest.

"I would like to point out the timetable for the asset sales will not change, we need to sell assets to finance breakthrough innovation and allow our country to stay in the race for new technologies," Le Maire said in a New Year's address to journalists.

(Reporting by Leigh Thomas and Myriam Rivet; Editing by Sudip Kar-Gupta)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• ADP weekly jobs data shows 11,750 average new hires for Aug. 8
• Iceland votes in tight referendum on whether to start EU membership talks
• Lower Saxony premier urges agreement on VW restructuring before board meeting