France to permanently lower threshold for scrutiny of foreign investments - Le Maire

Record ID: 1705310

  • Title: France to permanently lower threshold for scrutiny of foreign investments - Le Maire
  • Date: 5th January 2023
  • Summary: PETIT-CAUX, FRANCE (RECENT - DECEMBER 9, 2022) (REUTERS) VARIOUS OF PENLY NUCLEAR POWER PLANT VARIOUS OF PIPES AND PUMPS
  • Embargoed: 19th January 2023 13:13
  • Keywords: EDF Inflation Reduction Act Joe Biden nuclear energy nuclear plant power grid
  • Location: VARIOUS LOCATIONS, FRANCE / WASHINGTON D.C., UNITED STATES
  • City: VARIOUS LOCATIONS, FRANCE / WASHINGTON D.C., UNITED STATES
  • Country: France
  • Topics: Europe,Government/Politics,International Trade
  • Reuters ID: LVA005059105012023RP1
  • Aspect Ratio: 16:9
  • Story Text: France will permanently lower the equity threshold for scrutinizing foreign investments from outside the European Union to 10% from 25%, Finance Minister Bruno Le Maire said on Thursday (January 5).
    Le Maire made the remark during a New Year address in which he also said European countries needed to step up their support for domestic businesses, in particular with regards to a massive U.S. spending plan.
    "We will continue to plead (…) in favour of better taking into account European interests as the American Inflation Reduction Act is being implemented," Le Maire said, adding he would travel to Washington with his German counterpart Robert Habeck in February in pursuit of this goal.
    Le Maire further added that France would meet its target of having 45 gigawatts of nuclear output capacity available in January.
    Last week, the head of the country's CRE energy watchdog, Emmanuelle Wargon said there was no risk to power supplies until at least mid-January as French households and businesses had heeded calls to cut their energy consumption.
    (Production: Manuel Ausloos)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2023. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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