According to the Figaro, the French government is planning to give up their 33.34% share in Semmaris (Rungis market). The idea would be for the government to repatriate funds at a time when their “largest wholesaler” is no longer profitable. According to the Figaro, 5 banks would advise on such an eventuality. The government could leave Semmaris and reinvest the money in a series of “priority” projects. How much will this transfer of assets make them?
With per 1.5 million tons of fresh produce sold annually, Rungis is not as profitable as one would think. In 2013, Semmaris had a net income of €13 million for a €97 million turnover. The government could do better from no longer investing money in them at all.