Sarkozy plans new French wealth fund

President Nicolas Sarkozy of France said on the 23 October 2008 that France would set up a new 'strategic investment fund' to stop French companies from falling into the hands of foreign 'predators'. The new fund will be operated by Caisse des Dépôts et Consignations – the country’s existing sovereign wealth fund – but would be 'more active, more offensive, more mobile' in defence of French industrial assets, Mr Sarkozy said.

ESO: Background information: Sarkozy calls for European wealth funds http://www.europeansources.info/record/sarkozy-calls-for-european-wealth-funds/

France24, 23.10.08: Sarkozy to the rescue of French businesses http://www.france24.com/en/20081023-sarkozy-rescue-french-businesses-economy-annecy&navi=FRANCE

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