The CEO of industrial group Alstom, Patrick Kron, described Saturday as "good approach" the establishment of a strategic public funds to support enterprises, announced Thursday by President Nicolas Sarkozy.
"This is a good approach, everything will be in implementation," he said on Europe 1. This fund will protect companies' time in a coup tobacco stock "or give them" the means to cross a stage in their development. "
However, "it is certainly not a fund that aims to artificially keep alive companies that are not viable," he said.
The Strategic Investment Fund will have 20 billion euros, including 14 billion from investments of the Caisse des Depots and state.
Mr. Kron said that "the State intervened as a catalyst for rescue of Alstom in 2004, AUC sides of shareholders and financial partners." 18 months later, "the State has sold its stake to two and a half times the original price."
The group's activity is "left", "Alstom is now a company that makes money", with "a record order book in 70 countries," he argued.
"Every month we hire thousand people in the world, including 500 engineers. When we talk about the general, we need people to execute our order book," he noted.
Referring to a possible plan to support the economy, he said "give a boost to infrastructure when the economy has a little problem blast would be a good idea." "If so, obviously as a company Alstom will be associated with these projects."
Alstom announced in early November half-yearly net profit up 36% to 527 million euros and orders up 20% to 15.4 billion euros.
"This is a good approach, everything will be in implementation," he said on Europe 1. This fund will protect companies' time in a coup tobacco stock "or give them" the means to cross a stage in their development. "
However, "it is certainly not a fund that aims to artificially keep alive companies that are not viable," he said.
The Strategic Investment Fund will have 20 billion euros, including 14 billion from investments of the Caisse des Depots and state.
Mr. Kron said that "the State intervened as a catalyst for rescue of Alstom in 2004, AUC sides of shareholders and financial partners." 18 months later, "the State has sold its stake to two and a half times the original price."
The group's activity is "left", "Alstom is now a company that makes money", with "a record order book in 70 countries," he argued.
"Every month we hire thousand people in the world, including 500 engineers. When we talk about the general, we need people to execute our order book," he noted.
Referring to a possible plan to support the economy, he said "give a boost to infrastructure when the economy has a little problem blast would be a good idea." "If so, obviously as a company Alstom will be associated with these projects."
Alstom announced in early November half-yearly net profit up 36% to 527 million euros and orders up 20% to 15.4 billion euros.
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