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Canada Sells AECL’s CANDU Reactor Division to SNC-Lavalin

The Canadian government agreed to sell the CANDU reactor division of Atomic Energy of Canada Limited to SNC-Lavalin Group Inc., a construction and engineering company based in Montreal.

SNC-Lavalin said in a separate release it will buy AECL’s reactor division for C$15 million ($15.5 million) plus royalty payments from the construction of new reactors and reactor refurbishment projects.