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28 May 2012

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French state property sales E3.6bn since 2005

The French government has sold over E3.6bn of public real estate since 2005, using more than E500m to reduce government debt, and holds to its target of disposing of another E400m this year, Budget Minister François Baroin said. The state owns around E100bn in property. The share of real estate proceeds for debt reduction will remain at 15% in 2011, and rise later.

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