France will continue to further protect its strategic companies.
Bruno Le Maire announced this Monday morning that the strengthening of foreign investment controls, introduced in April 2020 at the start of the pandemic, would be extended for one year.
The threshold for equity investments in sensitive companies requiring state authorization had been lowered from 25% to 10% (for non-European investors).
"
This threshold lowered to 10% was to end on December 31, I am extending it for an additional year
", until December 31, 2022, declared the Minister of the Economy on France 2.
To read also "Economic betrayal": the Montebourg proposal would strengthen the already massive control of foreign acquisitions
“
My responsibility as Minister of the Economy and Finance is to protect French technologies, protect the most strategic companies, protect sectors,
” added the tenant of Matignon.
Are particularly concerned by this measure "
biotechnologies, communication networks, food
", he cited.
Warning of digital platforms on Wish
In addition, Bruno Le Maire was questioned about his request sent last week to search engines and application stores (in particular Google and Apple) to dereference the e-commerce site Wish, which was clearly not followed by 'effect, this one being always accessible. The Minister of the Economy warned the large digital platforms. “
I'll give them a few more days, the benefit of the doubt, but no more. Then I will take the matter to justice, and they will be condemned.
The tenant of Matignon also reiterated his threat to ban the presence of Wish on French territory if it does not obey "
the rules of consumer protection
".
Read alsoCan France ban the Wish online sales site on its territory?
Finally, while the variant of Covid-19 Omicron worries the planet, Bruno Le Maire wanted to reassure the economic world.
"
We will always be there in all circumstances to protect employees and companies,
" he said, explaining that "
everything should be done
" to avoid further restrictive measures.
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