News: France's Naval Group: Australian decision over nuclear submarine contract is major disappointment

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    Sept 16 (Reuters) - NAVAL GROUP:

    • FRANCE'S NAVAL GROUP SAYS AUSTRALIAN DECISION OVER NUCLEAR SUBMARINES CONTRACT IS A MAJOR DISAPPOINTMENT
    • The United States, Britain and Australia said on Wednesday they would establish a security partnership for the Indo-Pacific that will involve helping Canberra acquire nuclear-powered submarines, as Chinese influence over the region grows.
    • The French state owns around 62 percent of Naval Group's capital, while Thales TCFP.PA owns 35 percent.
 
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