France is open to possible China investment in St Gobain unit: Le Maire

French Finance Minister Bruno Le Maire said on Thursday that in principle he would be open to a possible Chinese investment in a unit of French construction group St Gobain.

Le Maire was responding to French media reports earlier this week that St Gobain was considering the sale of a 60 percent stake in its Pont-A-Mousson unit to Chinese company XinXing Ductile Iron Pipes.

“I would not say ‘no’ to a Chinese investment,” Le Maire told French TV station BFM.

source: Reuters