Safran faces AGM heat as revolt over French Florange law widens

April 21, 2015 1:39 PM

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Safran faces AGM heat as revolt over French Florange law widens

PARIS (Reuters) - Proxy advisory firms are threatening to block key financial resolutions at French aerospace group Safran (SAF.PA), opening a second front in a battle between the French government and institutional investors over a new corporate law.

The so-called Florange law is already at the center of a fierce debate over moves to introduce double voting rights for long-term shareholders in French companies to encourage stability.

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