Finance Minister Joe Oliver introduced a budget implementation bill today that included amendments to the legislation under which the company operates.
The changes would allow foreigners to take a controlling stake in Nordion as long as the government deems the sale a “net benefit” to Canada. Existing legislation prohibits non-residents from controlling more than 25 percent of Nordion.
To contact the reporter on this story: Theophilos Argitis in Ottawa at firstname.lastname@example.org
To contact the editors responsible for this story: Paul Badertscher at email@example.com Chris Fournier