France reviewing Circor buyout over defense concerns, Bloomberg says

France is conducting an initial review of the proposed sale of Circor (CIR) to private equity firm KKR (KKR) in the first stage of a process that could potentially delay the deal’s completion or require changes due to the impact on domestic military programs, reported Bloomberg’s Ania Nussbaum and Allison McNeely. The French government is anticipated to determine in the coming days whether it will conduct a more in-depth examination of the pact and whether it could affect the local Circor Industria unit, the authors say, citing people familiar with the matter.