French state secures "Golden Share" in LMB Aerospace after U.S. acquisition

Sunday 08 - 13:45

The French government has acquired a preferential "golden share" in the defense company LMB Aerospace following its sale to an American firm, according to a decree published in the Official Journal on Sunday. This move gives France a veto right over decisions that could affect its strategic interests.

The decree from the Ministry of Economy, Finance, and Industrial Sovereignty specifies that "the State decides to acquire one share of the simplified joint-stock company LMB from the simplified joint-stock company ASC3 LMB Holding for a price of one euro," adding that "the State's Commissioner for State Holdings is responsible for executing this decree."

This decision reflects the government's ongoing effort to maintain oversight of key defense assets even after foreign acquisitions. Analysts note that the "golden share" mechanism allows a country to protect its national security and strategic industries, particularly in sectors such as aerospace and defense.