This pragmatic approach to one of the Western world's most complex business environments, spelt out in a blog by Jeff Immelt to staff after GE (GE.N) secured parts of Alstom's energy business, highlights France's uneasy investment image. For some, government involvement in the Alstom saga - which included pushing through a decree expanding its powers to block takeover deals in strategic sectors, and the state taking 20 percent stake in Alstom (ALSO.PA) - has added to their concerns. "In France, bosses are sometimes taken hostage and tires are burned, but on top of that the state interferes even if companies don’t ask for it," said the banker, who declined to be named to avoid harming prospects of doing business in France. GE's experience shows that for all its reputation, France isn't necessarily hostile to foreign takeovers if the acquirers know which buttons to push.
via Business News - Yahoo Finance http://ift.tt/1iFsdsn
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