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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

France’s SWF to invest $1.3 bln by end of year

Posted on 31 July 2009

From Bloomberg: France’s sovereign wealth fund may spend 900 million euros ($1.3 billion) before the end of the year and increase aid to the auto industry in 2010, as the recession batters companies’ finances.

The 20 billion-euro investment pool, set up last year by President Nicolas Sarkozy, may provide capital to suppliers of Airbus SAS and Safran SA and open a fund for smaller companies, said Gilles Michel, managing director of the fund……….Full Article: Source


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