The Government signed a decree regarding foreign investments subject to authorization. Six new sectors essential for the preservation of the country’s interests are now concerned.
With this decree signed on 14 May, France is equipped with a clear and efficient legal framework, comparable to those of many other open economies, in and outside of Europe. This new plan will naturally be applied in a selective and commensurate manner, taking into account each situation.
What sectors are concerned?
Decree n°2014-479 form 14 May 2014 widens the field of sectors that fall under the authorization procedure to 6 sectors essential for the preservation of the country’s interests:
transport networks and services,
electronic communications networks and services,
measurable works, installations and establishments vital in terms of the Defence Code,
the health sector.
What is the objective?
The objective of this decree is to reinforce the control measure of foreign investments in the sensitive sectors likely to calling the national interests in question – public order, public security, interests of national defence. This decree complies with the European Union regulations and with France’s international commitments.
The Government’s choice is to reinforce the protective measures of France’s strategic interests. Up until now, the control measures when buying out French companies were limited to the defence and security industries. With this new text, France is equipped with the means to define the conditions of a takeover of a company in the water, health, energy, transport and telecoms sectors.
What the decree changes for Alstom
Alstom enters into the scope of this decree like other strategic companies. Alstom is an essential link in our energy power independence, whether it is for the French nuclear power plants or new technologies of the energy transition. With this decree, France restores balance in the relationship between the interests of the multinationals and the interests of the States, which are not always aligned. The conditions of a fair and balanced negotiation are now joined together.