French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a state rescue package for the group, hit by years of losses. Experts say third-party investment would prove to the European Commission that the new nuclear fuel group is a viable enterprise in which a savvy investor is willing to invest but so far, progress has been slow. Any buyer would be taking on Areva’s financial problems and its poor record of building reactors on time and on budget. The nuclear industry has also seen a steep downturn in the wake of Japan’s Fukushima disaster in 2011.
Reuters 19th Oct 2016 read more »