France -Law on take-over becomes effective -May 15, 2014

The government gave itself new veto powers over foreign industrial takeover bids, which will allow it to control the fortunes of, for instance, French giant Alstom, a current target.

The government gave itself new veto powers over foreign industrial takeover bids, which will allow it to control the fortunes of, for instance, French giant Alstom, a current target. The new rules, which could be applied to block the attempts of US General Electric or Germany's Siemens to take over Alstom's energy arm, were published in the official journal and will come into effect this month. The initiative in fact defines the public authority as an important stakeholder that can play a fundamental role in protecting the strategic interests of the country.

English: http://www.thelocal.fr/20140515/france-foreign-takeovers-investments-general-electric

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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