France defends new takeover law that can seal Alstom's future | Bangkok Post: news

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France defends new takeover law that can seal Alstom's future

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France on Thursday defended moves to thwart foreign takeovers of "strategic" industrial groups after creating new powers to control the fortunes of Alstom, an energy giant and current target. 

The new high speed train produced by Alstom, the AGV train is at standstill on a testing track in Aytre on September 4, 2010

The new rules, which could be applied to block the attempts of US General Electric or Germany's Siemens to take over Alstom's energy arm, will come into effect on Friday.

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