France has injected €300m ($330m) into state-controlled uranium producer Orano as it seeks to relaunch the country's uranium industry, the company and the economy ministry said Thursday.
The company issued new shares which were bought entirely by the French state, bringing its stake to 90.3%, the company said.
“This operation demonstrates the willingness of the French state as a shareholder to contribute to the implementation of the strategic plan of Orano and its development,” Orano said in a statement.
“It reflects a promising environment with new perspectives for nuclear energy in France and around the world to meet climate and sovereignty issues,” the statement said.