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NEWS COVERAGE - FRANCE

ECONOMY & BUSINESS NEWS FROM THE PAST WEEK
25th of February 2016
Business Sweden in Paris

DANONE REVEALS INVESTMENTS IN AFRICA

23/02/2016
The French group Danone, led by Emmanuel Faber, revealed February 23rd the following actions:
Acquisition of the Egyptian company Halayeb for dairy and juice products
Took control of the company Fan Milk International in Ghana, increasing its stake from 49% to 51%
Danone described the business of Halayeb as "specialised in fresh cheese", which it said to be "one of the most
dynamic segments" in Egypt's dairy sector

These actions demonstrate the commitment of the companys, strategy and long-term investments in Africa
for its future growth
Since 2012, the company has invested nearly a billion euros in Africa.
Emmanuel Fabers comment on its strategy:
"Africa is the continent of the future. Today, we are investing in the
continent as we did in Asia fifteen years ago. "

SOURCES: 1,2
BUSINESS SWEDEN

25 FEBRUARY, 2016

UNEDIC PREDICTS DECLINE IN UNEMPLOYMENT IN 2016

23/02/2016
UNEDIC, the National Professional Union for Employment in Industry and Trade in France, predicts a reduction of
25 000 unemployed people in 2016, according to financial forecasts of the organization published this Tuesday.
This "slight decrease" is primarily due to the massive plan of 500,000 additional training for unemployed announced by
Franois Hollande.
These forecasts are however less optimistic than the last prediction in October (decline of 51,000 jobseekers in
category A (non-business) in 2016).

This decline, reflects a downward revision of growth forecasts, should lead to a deficit of 4.2 billion euros for the regime,
which is more than expected.
These figures were released in time for negotiations on a new unemployment insurance agreement.

SOURCES: 3,4
BUSINESS SWEDEN

25 FEBRUARY, 2016

SANOFIS AND GOOGLES ALLIANCE IN DIABETES

APPROVED BY THE EU
24/02/2016
In August 2015, Sanofi announced an alliance with Google Life Science in diabetes:
Using new technologies to continuously monitor patient health and in real-time
Will market certain products, such as devices that measure glucose and insulin
February 24: The European Commission announced approval of the creation of a joint venture and concluded that the
proposed transaction would not raise competition concerns
Sanofi is the 2nd leading pharmaceutical company within diabetes, (after Danish Novo Nordisk), one of the most
lucrative and most competitive areas in the pharmaceutical sector
Additionally, Sanofi seeks to invest in promising start-ups in the field of e-health:

Recently joined France eHealth, an association created in September 2015 counting 95 start-ups
Allied with the start-up DMD Health, specializing in the evaluation of mobile and connected devices
The group has already developed two mobile applications in the field of diabetes

SOURCES: 5,6
BUSINESS SWEDEN

25 FEBRUARY, 2016

SOURCES
1.

http://www.usinenouvelle.com/editorial/danone-investit-en-afrique-et-freine-sa-chute-dans-les-produitslaitiers.N381236

2.

http://www.lemonde.fr/economie/article/2016/02/23/danone-prepare-son-avenir-en-afrique_4870125_3234.html

3.

http://www.ladepeche.fr/article/2016/02/23/2283010-l-unedic-prevoit-une-legere-baisse-du-chomage-en-20162016.html

4.

http://www.lemonde.fr/economie-francaise/article/2016/02/23/l-unedic-prevoit-une-legere-baisse-du-chomage-en2016_4870409_1656968.html

5.

http://www.lemonde.fr/economie/article/2016/02/25/l-alliance-de-sanofi-et-de-google-dans-le-diabete-recoit-le-feu-vertde-l-ue_4871652_3234.html

6.

http://www.mypharma-editions.com/sanofi-bruxelles-autorise-lalliance-avec-google-dans-le-diabete

BUSINESS SWEDEN

25 FEBRUARY, 2016