The French Government rejects the American industrial conglomerate’s acquisition of a national optronic technologies firm (Photonis / Teledyne)

French veto to the acquisition of Photonis par Teledyne* Applying legislative and regulatory measures to control foreign investments in France, the French Government has banned the American Teledyne from buying French Photonis. 1. France established a scheme for controlling investments made by foreign investors, whether originating or not from the European Union, in French companies and businesses operating in industries deemed strategic by the French Government. This scheme is provided for in Articles L. 151-1 et seq. and R. 151-1 et seq. of the French Monetary and Financial Code (Code monétaire et financier). It was the subject of a major reform by Decree (décret) No. 2019-1590 of 31 December 2019 and

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  • Delcade Avocats & Solicitors (Paris)

Quotation

Jeremy Bernard, The French Government rejects the American industrial conglomerate’s acquisition of a national optronic technologies firm (Photonis / Teledyne), 18 December 2020, e-Competitions Foreign Investment, Art. N° 98840

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