Further extends the temporary measure lowering the threshold triggering FDI screening

On 23 December 2022, by Decree No. 2022-1622, the French government further extended the temporary measure to lower the threshold for holding voting rights in listed French companies triggering the control of foreign investments in France until December 31, 2023. Initially the measure was adopted in 2020 in response to the COVID-19 pandemic and was extended in December 2020, December 2021. The lowered threshold of 10 per cent applies only to investors from outside the European Union (EU) and European Economic Area (EEA) countries, and concerns investments made in companies listed on a regulated market.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • economie.gouv.fr, Prorogation en 2023 de la mesure d’abaissement temporaire du seuil déclenchant le contrôle IEF dans les sociétés françaises cotées sur un marché réglementé, https://www.tresor.economie.gouv.fr/Articles/2022/12/27/prorogation-en-2023-de-la-mesure-d-abaissement-temporaire-du-seuil-declenchant-le-controle-ief-dans-les-societes-francaises-cotees-sur-un-marche-reglemente, 27 Dec 2022
  • Skadden.com, France Extends Interim Rule on Foreign Direct Investments, https://www.skadden.com/insights/publications/2023/01/france-extends-interim-rule-on-foreign-direct-investments, 04 Jan 2023