April 4, 2019 / 7:20 AM / in 16 days

French finance minister: open to possible China investment in St Gobain unit

French Finance and Economy Minister Bruno Le Maire leaves after a meeting at the Elysee Palace in Paris, France, March 26, 2019. REUTERS/Philippe Wojazer

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Thursday that in principle he would be open to a possible Chinese investment in a unit of French construction group St Gobain.

Le Maire was responding to French media reports earlier this week that St Gobain was considering the sale of a 60 percent stake in its Pont-A-Mousson unit to Chinese company XinXing Ductile Iron Pipes.

“I would not say ‘no’ to a Chinese investment,” Le Maire told French TV station BFM.

Reporting by Sudip Kar-Gupta; Editing by Gareth Jones

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