Central European Business Review 2017, 6(1):48-60 | DOI: 10.18267/j.cebr.172

An Analysis of French Mergers and Acquisitions in Different Sectors of the Czech Economy

Eric Thivant1, Hana Machková2
1 Dr. Eric Thivant, University of Lyon, Jean-Moulin - iaelyon, Magellan Research Centre, 6 cours Albert Thomas 69 355 Lyon Cedex 08, France, eric.thivant@univ-lyon3.fr
2 Prof. Ing. Hana Machková, CSc., Rector, University of Economics, Prague, Nam. W. Churchilla 4, 13067 Prague 3, Czech Republic, machkova@vse.cz

Over the past two decades, French enterprises have been heavily investing in the Czech Republic. Today, France is the fifth biggest investor to the Czech Republic, and French companies are among the most important employers. The aim of this study is to analyze the presence of French firms in Czech Republic by look at the example the French-Czech mergers and acquisitions (M&A), and to explain the main motivation of the location of French firms in the country. Using a review of documents and secondary data analysis, we observe that French enterprises have invested especially in the Czech manufacturing sector, energy & power, consumer staples and financial services. In this study, we evaluate if French corporations try to optimize their production process within so-called global value chains, and if French companies have invested in their own strategic domain area or another strategic area by using the diversification growth approach. Finally, we present examples of successful mergers and acquisitions of French firms realized in the Czech Republic.

Keywords: mergers; acquisitions; France; investment; Czech Republic; FDI; OLI theory
JEL classification: L1, L6

Received: November 23, 2016; Revised: February 18, 2017; Published: March 31, 2017  Show citation

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Thivant, E., & Machková, H. (2017). An Analysis of French Mergers and Acquisitions in Different Sectors of the Czech Economy. Central European Business Review, 6(1), 48-60. doi: 10.18267/j.cebr.172
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