France on Monday unveiled a list of state-owned stakes in companies, worth 14 billion euros, that will be transferred to the government's strategic investment fund.Strategic yogurt production is finally a reality. Félicitations U*2, you have been waiting for years!
Sarkozy, a long-standing advocate of government intervention to support domestic industry where necessary, said the fund would allow the state to protect companies weakened by the financial crsis from foreign "predators".
The government will also transfer 20 stakes in listed companies held by state bank Caisse des Depots.
These are: Accor, L'Air Liquide, Alcatel-Lucent, Altran Technologies, Assystem, Danone, Eiffage, Eutelsat Communications, Imerys, Lagardere SCA, Nexity, Schneider Electric, Seche Environnement, Sodexo, Technip, Ubisoft Entertainment, Valeo, Vallourec, Vivendi, Zodiac Aerospace.
Behind the Façades in France: What expats and the mainstream media (French and American alike) fail to notice (or fail to tell you) about French attitudes, principles, values, and official positions…
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