	french government sets terms of bimp sale the french finance ministry said today a public flotation offer opening this coming tuesday for pct of the capital of banque industrielle et mobiliere privee bimp has been set at francs per share the offer closes next friday the ministry said in a statement pct of the bank s capital had been sold to a solid core of large investors including insurance companies and michelin subsidiary spika for pct of the public offer price ten pct of the shares have been reserved for employees who get a five pct discount increased to pct if they keep the shares for two years employees also get one free share for each one bought if the shares are held for at least one year small investors would receive one free share for every bought with an upper limit of five free shares per investor and on condition the shares are held for at least months the state owned capital of bimp comprises mln shares the bank is being sold to the public as part of a sweeping programme to privatise state owned groups over five years in a separate statement the ministry said last week s privatisation offer of mln shares in banque du batiment et des travaux publics btp was times oversubscribed reuter 
