France unveiled plans to create an investment vehicle to help sovereign wealth funds invest in French companies, avoiding foreign “predators” from snatching French companies, The Financial Times reports.
“If the sovereign funds of China, Singapore and the Middle East want to come and invest with us, to become co-investors, they are welcome,” Augustin de Romanet de Beaune, the head of the Caisse des Dpts et Consignations (CDC), which will manage the new investment vehicle, told the Financial Times.
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