Article L1541-1 of the French General Code of Local Authorities
I. – Within the scope of its powers other than the exercise of missions of sovereignty, a territorial authority or a group of territorial authorities may create, with at least one economic operator shareholder, selected after a competitive tendering process under the conditions defined in Article L. 1541-2, a single-operations semi-public company. The single-operations semi-public company is set up, for a limited period, on an exclusive basis with a view…