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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

French SWF in no hurry to divest holdings - CEO

Posted on 24 July 2009

From Zonebourse.com: The newly created French sovereign wealth fund Fonds Strategique d’Investissement, or FSI, is in no hurry to sell stakes in listed companies it owns to fund future investments, but will use the dividends it receives from its holdings, its Chief Executive Gilles Michel told Dow Jones Newswires.

FSI was launched last December by French President Nicolas Sarkozy in the thick of the global downturn to provide financial support via minority shareholdings to companies deemed strategic to the French economy or those with a strong potential for innovation and sector leadership………..Full Article: Source


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