CDC gets strategic SWF approval

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FRANCE - National pension fund Caisse des Dépôts et Consignations (CDC) has been authorised to act as a sovereign wealth fund-like (SWF) vehicle to protect strategic French assets from predatory foreign investors.

The entity, officially known as a strategic investment fund, will be used to invest in developing French small and mid-sized businesses and provide a stabilising effect on the capital of businesses...

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