Areva reported a €2bn net loss for the full year as the French nuclear group took further writedowns on its long-delayed reactor project in Finland as well as impairments related to restructuring and weak market conditions. The company, which is 87 per cent owned by the French state, is in the middle of negotiating a government-backed rescue package that will see it raise €5bn in the markets. It is also selling a majority stake in its reactor making division Areva NP, valued at €2.5bn, to rival French nuclear group EDF.
FT 26th Feb 2016 read more »
French nuclear technology company Areva has announced a €2.0 billion ($2.2 billion) net loss for 2015 due to additional provisions for the delayed completion of the Olkiluoto 3 EPR as well as impairments for restructuring and weak market conditions.
World Nuclear News 26th Feb 2016 read more »