France tightens grip on state-backed companies

Article discusses proposals by France to manage its investments in partly state-owned companies, August 2010, and said ministers would take a more active role in shaping industrial strategy and investment decisions of such companies such as EDF, GDF Suez, France Telecom, EADS and Renault.

Nicolas Sarkozy, President of France, appointed on the 3 August 2010 a senior business figure to run a revamped agency responsible for government shareholdings.

ESO: Background information: Sarkozy pledges to reverse industry’s decline http://www.europeansources.info/record/sarkozy-pledges-to-reverse-industrys-decline/

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