Bredin Prat advises industrial valve manufacturer Velan on the proposed sale of its subsidiaries Segault and Velan France to Framatome

Bredin Prat is advising industrial valve manufacturer Velan Inc., a Canadian company listed on the Toronto stock exchange (TSX : VLN) (“Velan”), in connection with the proposed sale by Velan Valves Limited, a Velan subsidiary, of 100% of the share capital and voting rights of its French subsidiaries, Segault and Velan France, to Framatome SAS, a world leader in the field of nuclear energy.

The proposed transaction is subject to employee consultation procedures at Segault, Velan France and Framatome.

Completion of the transaction would be subject to the approval of Velan’s shareholders.

The Bredin Prat team advising Velan on the French law aspects of the transaction included:

• Corporate: Christine Lenis and Florence Haas (partners), Ghita Maata
• Digital law and intellectual property: Juliette Crouzet (counsel), Sarah Gicquel and Timothée Guichoux
• Competition law: Arthur Helfer (partner), Mehdi Al Alem Champeaux
• Tax law: Jean-Baptiste Frantz (partner), Kevin Guillou and Rima Jirari
• Public law: Wallis Hebert, Ilia Tushishvili
• Employment law: Pascale Lagesse (partner), Camille Wattrelos and Alexandra Lereau