Decree No. 95-841 of July 17, 1995 (JO July 18, 1995), adopted pursuant to Law No. 93-923 of July 19, 1993 concerning privatisation's, decided to proceed with the transfer from the public to the private sector of the majority interests held directly and indirectly by the French State in the Compagnie Generale Maritime, Pechiney and the Regie Nationale des Usines Renault. A communique, from the Ministry of Economy and Finance dated July 13, 1995 specifies that the first operation will call on purchasers outside of the stock market, while the latter two operations will be carried out in accordance with financial market procedures.

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