- France: according to provisional data published by the French Ministry of Finance, French direct investment flows abroad amounted to a record 83 bn euro in 1999, up 127% on 1998. These operations cover both the purchasing of shares and takeovers and remain concentrated on EU countries (53% in total). Germany alone took in 35% of the French flows, especially due to the merger between RHONE-POLENC and HOECHST, followed by the United States (29%), the United Kingdom (6.3%) and Japan (6.2%)...