Bloomberg Law
May 26, 2023, 11:47 AM

French Fund Weighs Bid to Block US Nuclear Sub Firm Takeover

Ania Nussbaum
Ania Nussbaum
Bloomberg Editorial

A French fund is considering the purchase of a stake in nuclear-submarine parts supplier Segault SAS to help veto a US takeover and prevent what the government sees as a key technology falling into foreign hands, according to a person familiar with the matter.

Fonds France Nucleaire, which handles €200 million ($215 million) for the French state and Electricite de France SA, could potentially invest in Segault although no final decision is made, the person said, asking not to be named on confidential deliberations.

The fund aims to support and develop companies in the nuclear industry by helping them ...

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