Paladin’s $1.5b uranium deal slowed by national security probe
Peter KerResources reporter
The Canadian government has launched an 11th-hour national security review of Paladin Energy’s $1.5 billion acquisition of Toronto-listed Fission Uranium, as Chinese investors attempt to influence the deal.
Canadian industry minister Francois-Philippe Champagne advised Paladin of the review on Wednesday, in a move that looks set to delay a deal that has already taken longer than expected to settle.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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