Paladin’s $1.5b uranium deal slowed by national security probe

The Australian Financial Review
2024-10-02

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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