France's defence minister presented a bill to the cabinet on Wednesday that would allow the sale of up to 49 percent of the capital in state-owned shipyard DCN, bringing the widely awaited sell-off a step closer. The development is a key step towards removing a barrier to potential tie-ups with other companies, such as French defence electronics firm Thales, which is reported to be interested in forming an alliance with the shipyard.
The draft law could be put to the National Assembly lower house of parliament before the end of the year, a government source told Reuters.
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