RE:FRANCE DID NOT ALLOW WHAT CANADA WELCOMED!!!!??? Welcome... lol
It's never welcome to sell a company. You sell it because you dont have the choice, and if you have it, you keep it. That's it.
There is 3 cases.
The case where the company is in bad shape, In this case the role of the state to support the company if needed. But the limit to this, is that it s counter productive to support something not profitable and create a zombi companie, so sometime you have to let it go to avoid that.
This is what Canada have done with the Cseries. They chosed to not support bbd, so they had to sell.
The case the company is in good chape but you have to merge it because she is to small. In this case the role of the state is to make sure there is a good equilibre in the merge. (That s why the alstom siemens proces failed)
And the case the company is on good shape but the stock is low because of a global crysis, so there is a risk of foreign takeover, particulary from china.
In this case the role of the state is to block the transaction. For this they have tool like the Strategic sector list (Machnining sector for germany for exemple, food, nuclear and aerospace for france).
So, actually i think that it s just a bad timing.
The government dont want to allow a foreign takeover during the covid crysis because the stock are to low.
If you allow it for canada why not allowing for china?
It will be done maybe later. But not now.