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TORONTO, Nov 5 (Reuters) - Regulatory scrutiny of foreign takeovers of Canadian companies would ease once the Trans-Pacific Partnership trade deal takes effect, according to terms of the deal released on Thursday. Those details showed investments of less than C$1.5 billion ($1.14 billion) in Canadian businesses would not be subject to a review under the Investment Canada Act if the investing company is based in one of the 12 original signatory countries that are part of the trade deal. Currently any deal over the C$600 million mark is subject to a review by the Canadian government. That review threshold is set to rise gradually to C$1 billion by 2019. The TPP is set to reduce tariffs and trade barriers among the United States, Canada, Mexico, Chile, Australia, New Zealand, Japan and five other countries. It does, however, place some limitations on the types and specific areas of investment. The deal states that the higher threshold would not apply in the case of a direct acquisition of control by a state-owned entity in a Canadian business. Any such deal would trigger a review if it is worth more than C$369 million. The higher review thresholds also will not apply to acquisitions of cultural businesses, such as publishers, audio and video production companies. The document also indicates that the Canadian government has the right to cap foreign ownership in certain companies, namely the country's largest airline Air Canada, uranium miner Cameco Ltd and a few others. ($1 = 1.3164 Canadian dollars) (Reporting by Euan Rocha; Editing by Lisa Von Ahn)
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Cameco Corporation
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PRODUCTEUR |
CODE : CCO.TO |
ISIN : CA13321L1085 |
CUSIP : 13321L108 |
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Cameco est une société de production minière d'uranium basée au Canada. Cameco est productrice d'uranium, de cobalt, de cuivre, de nickel et de zinc au Canada, au Kazakhstan et en Finlande, en développement de projets d'uranium au Canada et en Australie, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont RABBIT LAKE, KEY LAKE, SMITH RANCH, CROW BUTTE, MCARTHUR RIVER (SASKATCHEWAN), MC ARTHUR RIVER et MCARTHUR RIVER MINE au Canada, INKAI et HIGHLAND au Kazakhstan et TALVIVAARA en Finlande, ses principaux projets en développement sont CIGAR LAKE et MILLENNIUM au Canada et KINTYRE en Australie et ses principaux projets en exploration sont EAGLE POINT, DAWN LAKE, SMART LAKE, BOOMERANG et DAWSON au Canada. Cameco est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,6 milliards CA$ (19,5 milliards US$, 18,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 26 décembre 2003 à 10,02 CA$, et son plus haut niveau récent le 25 avril 2024 à 67,16 CA$. Cameco possède 395 792 522 actions en circulation. |