Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canada Lifts Foreign-Investment Cap on Isotope Provider

March 28 (Bloomberg) -- Canada’s government will lift its existing 25 percent foreign investment restrictions on Nordion Inc., an Ottawa-based company that sells medical isotopes.

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 targitis@bloomberg.net

To contact the editors responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net Chris Fournier

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.