French Finance Minister Expresses Discontent Over Sanofi's $20 Billion U.S. Investment

May 15, 2025 - 23:32

PARIS - France's finance minister has voiced strong criticism regarding Sanofi's recent announcement to invest a substantial $20 billion in the United States by 2030. This decision comes as a disappointment to the French government, which is actively encouraging companies to focus their investments domestically rather than overseas.

Minister Eric Lombard expressed his dismay during an interview, stating, "It's clear it was not something that was nice to see and it was an unpleasant announcement." He emphasized that such a move sends a negative signal about the investment climate in France. Lombard's comments reflect a broader concern within the French government about maintaining and attracting business investments in the country.

He also expressed hope that Sanofi would reconsider its strategy and continue to invest in France, highlighting the need for domestic growth and innovation in the pharmaceutical sector. The minister's remarks underscore the ongoing dialogue about corporate responsibility and national economic priorities.