“This is part of our French destiny,” he said. “I am committed to this: from tomorrow a national subscription will be launched, and far beyond our borders.”
French billionaire Bernard Arnault and his company, luxury accessories brand LVMH, have offered €200 million (£173 million), according to French media outlet AFP. An additional €100 million (£86 million) has been pledged by fellow billionaire Francois Pinault.
A further €10 will be put forward by the Ile-de-France regional government, said president Valerie Pecresse.
More information to follow.
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