In an interview with French newspaper, Les Echos on Monday, French Industry Minister, Francois Loos revealed that the government is planning to restrict foreign takeovers in certain industry sectors.
Speaking with regard to the rumoured takeovers by overseas companies of food group Danone and nickel firm, Eramet, Mr Loos stated that the cabinet is likely to press for the implementation of new rules allowing French firms to employ the same anti-takeover measures in foreign bids that they are permitted to use domestically.
He additionally revealed that the French authorities are planning to publish a list of industry sectors considered strategically important, which will therefore be protected to a large extent from foreign buyouts.
According to Mr Loos the moves, which are unlikely to be welcomed by the European Commission, are designed to "bolster the competitiveness and independence of our companies and...see to it that they can fight with the same weapons as their foreign peers".
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