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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

French president proposes European SWFs

Posted on 22 October 2008

From Bloomberg.com: French President Nicolas Sarkozy called on European governments to set up sovereign wealth funds to buy stakes in European companies at beaten-down prices and prevent takeovers by overseas predators.

Purchases by nationally run investment funds in the wake of the stock-market rout could also spin a profit for governments once share prices recover, Sarkozy told the European Parliament in Strasbourg, France today. Germany called the plan unnecessary….. Full Article: Source


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