Agence des participations de l'État

Agence des participations de l'État (French pronunciation: [aʒɑ̃s de paʁtisipasjɔ̃ də leta], APE, lit. 'State Participations Agency'), created in 2004 under the government of Jean-Pierre Raffarin, is the French agency responsible for managing the State's shareholdings in companies of strategic importance. As of 2022, APE has €732.514 billion worth of assets under management, which includes investments in companies involved in energy, industry, defence, transport, communication and finance, among others.