ANNECY - President Nicolas Sarkozy said yesterday France would set up a strategic investment fund to protect French companies from foreign "predators", after the global stock market rout. The state would "massively intervene each time a strategic company, even of small or medium size, needs shareholder equity," Sarkozy said at a roundtable discussion in Annecy, France. He called the vehicle "a public intervention fund". The new sovereign wealth fund would be managed by state-owned bank Caisse des Depots & Consig-nations, which had € 405,5bn in...
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