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France's 'economic patriotism' laws expected to have limited effect
Double-voting rights for state, other long-term shareholders encouraged
Add BT as a preferred sourcePublished Mon, Apr 27, 2015 · 09:50 PM
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Paris
FOREIGNERS are set to take over several French blue-chip firms this year and will largely do what they want with their prizes - showing the limits of new laws passed in the name of "economic patriotism".
A decree extended state veto powers on foreign bids to more sectors deemed strategic last year and legislation taking effect this year encourages double-voting rights for the state and other long-term shareholders.
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