However on the first two points Kouchner was very lowThe auto issue is organized in WashingtonPolitics must regain power with the banksHe described the peoples of the region Somali Dankalis OgadinesProfitsharing is one thing it is another the Government appeared for what it is iEverything goes back to the Elysée Palace5 million euros last year or an average of 24000 euros per loanyou're talking about order of the factorsThe diversity of authors book a variety of atmospheresRenaud Dutreil officially Unveils this morning, with the economy Minister, Thierry Breton, the device of France investment. The popularity of private investors to exceed the 700 million euros of funding in 2007.
What amounts will finally have France investment
The device met a real buzz on the part of private operators and we should be very substantially over the EUR 2 billion desired by the President of the Republic. Six large private institutional investors are already committed to bring in own funds of EUR 400 million in 2007 in the branch of France investment. During the next six years, the Caisse des Dépôts et Consignations move contributions private to the tune of 100 million euros per year on average. What should wear rate of around 300 million average annual investment in this compartment on the length of commitment from the Fund.
In the public branch, with the strong involvement of its Director General Francis Mayer, the Caisse des Dépôts will significantly increase the amount it spent on its program of general interest for SMEs. They will spend 150-200 million per year. In total, the device will start on a flow of about 500 million per year that could lead us to EUR 2 billion in four years. In total, France investment is expected to inject 3 billion euros over six years in the financing of SMEs growing and young shoots.
Can the non-coté absorb such amount
When comparing the France with neighbouring countries, could be rather speak of "shortage" of supply, especially in the capitaldéveloppement and venture capital. The French development capital is 4 times less than in the United Kingdom and is located roughly at the levels of the Denmark or the Sweden. This delay is undeniable. I am concerned to see swelling in France the trial that are some capital investment, while firms that have their capital funds create many jobs and that most of the funds are stable partners. France investment will represent a very significant increase in the annual sums now invested by private actors. On the other hand we do not think that the market can absorb much more for the moment. But on the basis of an average minority ticket around the 1 million, one can imagine that hundreds of SMEs can be funded each year by the device. In the public branch, the Caisse des Dépôts will also provide funding to nature grant funds. However, this form of intervention must be approved by the European Commission, which gave the green light to a similar British device. Later, France investment will also make hybrid interventions with an intake of mezzanine debt to facilitate the financing of projects.
How this manna will be divided between venture capital and development capital
The Council, under the responsibility of the Prime Minister and chaired by René Ricol, will define its investment strategy. But there is no fixed allocation. Need to keep some flexibility and stay pragmatic on investment opportunities. The public branch, the Caisse des Dépôts redessinera its program of general interest and may finance a "business angels" incorporated venture capital companies (SCR). The general objective remains in all cases to develop the different phases of adolescence of enterprises by strengthening a link which is now low compared to the LBO in France.
