The State acquires a "golden share" in LMB Aerospace, which has been sold to an American company
The French government has secured a golden share in LMB Aerospace following its acquisition by an American firm to maintain oversight over strategic interests.
The French government has taken steps to retain control over LMB Aerospace by acquiring a 'golden share' after the company was sold to an American entity. This move, outlined in a decree published in the Official Journal, grants the French state a veto power over decisions that may be considered harmful to national strategic interests. The acquisition of this preferred share allows the state to ensure that critical defense-related decisions align with France's overall security objectives.
The decree specifies that the French state will purchase one share of LMB Aerospace from ASC3 LMB Holding for the nominal price of one euro. This represents a significant commitment by the French government to maintain a level of influence over the operations of LMB Aerospace, particularly in the context of increasing American investment in critical sectors. The designation of a golden share is part of broader efforts by France to safeguard its industrial sovereignty amidst globalization and foreign acquisitions.
The implications of this decision are twofold. On one hand, it reinforces Franceβs commitment to protecting its strategic industries in the face of rising foreign interests. On the other hand, it reflects ongoing concerns regarding the security of French technological and industrial assets in an increasingly competitive global landscape, particularly within the defense sector. As the U.S. continues to attract investments in vital industries, France's action underscores the need for protective measures to mitigate potential risks to national security and integrity in strategic domains.