France Looks to Block US Purchase of Velan’s Nuclear Business

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France is looking at ways to block the sale of Velan, a domestic supplier of parts for nuclear reactors, to the US

, a domestic supplier of parts for nuclear reactors, from falling into US hands as it aims to protect a strategic industry.in an all-cash transaction valued at about C$329 million . The deal was expected to close by the end of the second quarter and has been delayed.

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