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France to help limit financial hit to Naval Group from cancelled Australia deal By Reuters


© Reuters. France’s Defence Minister Florence Parly meets soldiers from Sentinelle outside Paris’ Austerlitz train station, France on July 29, 2021. REUTERS/Sarah Meyssonnier/Files

PARIS (Reuters) – France will look to ensure any financial hit to Naval Group from a cancelled Australia submarine deal is limited, French Armed Forces Florence Parly said on Thursday.

Parly said that France could seek compensation from Australia.

When asked if France could seek compensation, Parly said that “we are looking at all options”.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.