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French strategic-takeover 10-percent threshold activation gets one-year extension

( December 18, 2020, 16:07 GMT | Official Statement) -- MLex Summary: Foreign companies acquiring a stake of at least 10 percent in French strategic listed companies will face a takeover review by the economy ministry until the end of December 2021 — an extension of one year. Economy minister Bruno Le Maire announced today the extension of the 10 percent shareholding-threshold period — designed to prevent unduly cheap acquisitions during the pandemic of French listed companies in strategic sectors including biotech, aerospace and defense. France temporarily reduced the threshold from 25 percent to 10 percent in the summer.Statement follows in French....

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