Marine Le Pen concedes defeat as projections show Macron received 58-59 percent of votes in the runoff election.

(International Agencies) - Emmanuel Macron was elected to a second term as French president on Sunday evening with 58.2% of the vote, according to an estimate from the Ipsos polling institute.

His far-right challenger Marine Le Pen won 41.8% of the vote in an election that saw the country’s highest abstention rate in 50 years.

The final official results of the final round of presidential election will be released on April 27.