Noyau \Noy`au"\, n. [F., prop., the stone or nut of a fruit, fr. L. nucalis like a nut. See {Newel} a post.] A cordial of brandy, etc., flavored with the kernel of the bitter almond, or of the peach stone, etc.
Within that period they can sell shares to other core investors who also retain a pre-emption right on noyau dur share sales for the next few years.
The main concern for the company is that it is appealing enough to form a noyau dur to ease the upheaval of a move to the private sector.
It has already stumped up almost FFr1bn (Pounds 110m) to become part of the noyau dur of BNP.