France will pay out €20 billion to protect its key industries in the wake of the global financial crisis via the creation of a strategic investment fund - the country's first sovereign wealth fund, French President Nicolas Sarkozy said on Thursday (20 November).
Following up on his idea first brought up three weeks ago to protect French businesses from "foreign hands," Mr Sarkozy also announced the new fund's first €80 million investment would go to industrial supplier Daher, which work...
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