20 July 2005
The latest wave of opposition to Pepsico rumoured takeover of Danone is not going to help… Are French people born to say just “Non!”?
How typical and arrogant of France’s “old guard” (politicians and unionists). So, it’s Ok for France’s Vivendi to buy Universal, an emblematic US company but it’s an outrage for Pepsico to (maybe) raid Danone, a company which is to France “more than a floret” (according to a government member).
I wonder if foreign investors and companies will still be interested in investing in France in the long run – is the Olympic Committee’s decision the first major example of that glooming future?
A bit more if you can read French:
Danone "est plus qu'un fleuron", c'est "une entreprise particulière car elle procède de l'équilibre de notre production agricole, c'est aussi un facteur structurant des PME françaises et européennes qui travaillent pour Danone. C'est une entreprise très importante pour l'équilibre de notre pays sur l'emploi, sur l'aménagement du territoire, sur la santé et sur l'art de vivre", a souligné M. Borloo.
Isn’t that true of all companies of the CAC40 (apart from the agriculture bit)?

4 Comments:
I don't know if French people are born to say no but it seems more and more that the majority of them are afraid. Afraid of what? Everything! Afraid of immigrants, afraid for their safety, afraid of expanding Europe, and now afraid of Pesico’s takeover of Danone. I think the hurdle can be overcome but it requires more than an economical boom. It’s a change in the mentality that is required. Gotta take some risks!
This blog is becoming too anti-french for me !!! I'm going to stop reading it!
Seriously, although the reaction is France is a bit extreme, look at what's happening in the US with Chinesse attempts to buy US corporations: 2 setbacks in a few weeks and I think political opposition from US Congressmen played a role in that..
Anyway, Danone may proved to be too big even for Pepsi: http://www.businessweek.com/bwdaily/dnflash/jul2005/nf20050721_3465_db039.htm
a+
Oh no, I didn't mean to sound anti-french. I'm just over critical I think...
not you KV.. I was talking about the author of this blog... but I'm teasing him...
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