Agence des participations de l'ÉtatGovernment

The Agence des participations de l'État (APE) is an agency of the French government operating under the Ministry of Economy and Finance. It serves as the state shareholder, tasked with managing France's corporate equity holdings, safeguarding strategic public interests, and optimizing capital value in state-controlled enterprises. Established by decree in September 2004, the agency was formed to centralize and professionalize the state's commercial shareholding functions previously dispersed across various ministries.