Link to google Translation : {http://bit.ly/1ldgldg}
Link to french article : {http://bit.ly/1nMAMR3}
Those Americans who salute the turn hired by Holland and Valls
For the head of the European subsidiary of U.S. fund Colony Capital, France saw the same turn that commitment by Mitterrand in 1983. And it is not only to be welcomed.
"There are still a few months, France was perceived by Americans as a country hostile to business. This is changing." The author of these words? Nadra Moussalem, co-head of Colony Capital Europe. Mastodon manage 20 billion in assets, the fund launched in 1991 by Thomas Barrack, is a shareholder of Carrefour and Accor weight groups. There also have with Goldman Sachs and the Purpose OpCapita and a huge real estate shops in France.
"The Americans expected a shift, she arrived. Manuel Valls, similar to turning 1983 François Hollande," Nadra decrypts Moussalem. Also noted a change in counsel John Flanigan, Partner at Dentons and specialist mergers and acquisitions: "Since the arrival of Manuel Valls, I feel a palpable relief in some American customers."
In 1983, the U.S. business community had been very reassured by the "austerity turn", the radical shift in economic policy took two years after the election of François Mitterrand. The president was then returned to its commitments to early privatization mandate and had then succeeded to nationalization in France installing the social market economy.
The France again fréquentable
The parallel with Manuel Valls seems quite tempting. After the elections in spring 2012 " Rather dangerous Mr Holland "- the title of a cover of The Economist - foreign investors were worried about the" hostile to business "nature of the French government. The particular concern was crystallized around the project 75% tax on very high incomes, become, in the eyes of foreign investors, the symbol of France "socialist".
She had also taken extravagant forms like diatribe Boss tire manufacturer Titan International , which in a rare correspondence with the Minister of Productive Recovery Arnaud Montebourg , had attacked the French social model.
This page seems tour. The new Social Democratic discourse François Hollande and his meeting with Barack Obama in the solemn part of a state visit, and finally the change of government: all of which have convinced American businessmen that France was new fréquentable.
€ 1.5 billion injected in 9 months
Colony Capital is itself evidence that he believes by investing again in France, a country where he has been investing for 14 years. The fund was completely sidelined in the euro area between 2009 and 2013, while placing 95% of its liquidity s United States. Since last October, comeback in Europe in nine months, Colony Capital has invested € 1.5 billion there. According to our information, a quarter of this money has been devoted to France. With two big tickets: 260 million in the new logistics platform Carrefour and the creation of a central data storage Marcoussis Data4.
And May 19, Nadra Moussalem and Jean-Romain Lhomme, co-leaders of the French Colony office, should be the first to dive into the basins of the Molitor swimming pool. The fund has financed the renovation and a budget of 80 million euros, this mythical place of Art Deco.