UPDATE 1-France has list of companies that could get state support -Le Maire [Reuters (UK)]
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Source: Reuters
France has list of companies that could get state support: Le Maire - Reuters 2 Min Read PARIS (Reuters) - The French government has drawn up a list of companies that may need state support due to the coronavirus outbreak such as a capital injection or even outright nationalization, Finance Minister Bruno Le Maire said on Tuesday. Le Maire said he could not disclose the names of the companies on the list, but that they knew they could count on the support of the government. “Nationalization is obviously a last resort, but it is something that we do not exclude,” Le Maire told France Info radio. “We are not going to let our industrial champions that we have invested billions in ... go up in smoke because of an economic crisis of a violence unseen since 1929,” he said. Some French companies in which the state holds a stake have suffered steep drops in their share prices due to the outbreak, with carmaker Renault ( RENA.PA ) and airline Air France KLM ( AIRF.PA ) among those to see t
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