- French Prime Minister Manuel Valls has signed a decree that extends the state's powers to block foreign takeovers to the energy, water, transport, telecoms and health sectors, with any acquisition in what the government now considers to be "strategic" industries needing the approval of the Economy Minister.
- The move adds to the government's authority to prevent deals in the nuclear, encryption and vaccines fields.
- It will also give France more say in the potential sale of Alstom's (ALSMY) energy assets to GE (GE) or Siemens (SI). French Economy Minster Arnaud Montebourg has criticized the GE proposal and advocated a deal with Siemens.
- The risk is that foreign investors could be further put off from doing business in France at a time that the economy is stagnating.
- ETF: EWQ
From other sites
at CNBC.com (Jan 12, 2015)
at CNBC.com (Dec 16, 2014)
at CNBC.com (Nov 19, 2014)
at CNBC.com (Nov 13, 2014)
at CNBC.com (Nov 5, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs