French prosecutor probes Areva buy of Canadian miner

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Probe focuses on the €1.8 billion purchase by France's state-controlled nuclear firm Areva of UraMin at height of demand for enriched uranium.

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France's financial prosecutor has opened a preliminary probe into state-controlled nuclear giant Areva's controversial 2007 purchase of a Canadian uranium miner, a judicial source said Thursday, reports GlobalPost.

The probe focuses on the $2.5 billion (1.8 billion euro) purchase by Areva of UraMin at a height of demand for enriched uranium.

Areva was later forced to revalue its UraMin uranium mines to only 410 million euros.

Canadian media reports have suggested the sale was preceded by suspicious stock trades.

Read more of this AFP report pubished by GlobalPost.

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