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Explain how Has Atomic Energy Of Canada Limited (aecl) Become Candu Energy?
Answer:
It has been a public policy objective of the Government of Canada for the last several years to transfer the commercial activities from AECL, which is owned by the Government of Canada, to the private sector. On June 29, 2011, the Government of Canada announced the signing an agreement for the sale of AECL’s Commercial Operations to Candu Energy Inc., a wholly owned subsidiary of SNC‐Lavalin. The targeted closing date for the transaction is September 30, 2011.
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