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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

French state fund exits Edenred, shares fall

Posted on 08 October 2010

From Reuters: A French state-backed investment fund has ditched its shares in office lunch vouchers business Edenred after a dispute with hotels giant Accor over the future of the recently listed firm.
Sovereign investment fund FSI said it had sold its entire 6.8 percent stake in the company, which provides meal services and vouchers on behalf of companies to their employees, for 227 million euros ($317.5 million)……………………………………….Full Article: Source


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