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 $25 billion French fund to shield companies from takeovers

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$25 billion French fund to shield companies from takeovers Vide
PostSubject: $25 billion French fund to shield companies from takeovers   $25 billion French fund to shield companies from takeovers Icon_minitimeSat Nov 22, 2008 3:08 pm
PARIS: Vowing to protect French industry from foreign predators and a worsening economic slump, President Nicolas Sarkozy introduced a €20 billion strategic investment fund on Thursday and announced its first investment...

"I won't let foreign funds get bargains thanks to the current levels of the stock market," Sarkozy said in the speech Thursday. "I won't let French industry move out."

He added: "The day we don't build trains, airplanes, cars and ships, what is left of the French economy? Memories. I will not make France a tourist reserve."

http://www.iht.com/articles/2008/11/20/business/fund.php
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