PARIS (Reuters) - France blocked a deal that would have seen the takeover of two Canadian-owned French maker of valves used in nuclear reactors because it did not think commitments made by U.S. bidder Flowserve were sufficient, a finance ministry source said.
The French government has extensive powers to vet proposed takeovers of French companies that it considers to be strategically sensitive, though outright rejections are rare. While President Emmanuel Macron has made a big push to promote foreign investment in France, he has also championed the idea of reinforcing Europe's strategic autonomy from other regions, particularly in terms of defence and energy.
A Kremlin propagandist faced backlash from Siberian officials after saying Russia should detonate a nuke in its own territory
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