French nuclear group Areva said it plans a 5 billion euro capital increase to restore its finances and said it expects the planned takeover of its reactor arm by fellow state-owned utility EDF to be finalised in 2017. The French president’s office said in a statement that the state, as leading Areva shareholder with an 87 percent stake, will take part in the operation and guarantee its success and will invite minority shareholders to take part.
Reuters 27th Jan 2016 read more »
Les Echos 27th Jan 2016 read more »
Areva’s board of directors has given a mandate to its CEO to finalize negotiations on EDF’s acquisition of a majority stake in its nuclear reactor business. The moves follows agreement by the two companies on the final valuation of Areva NP. EDF said its board yesterday agreed on a final valuation of Areva NP’s activities at €2.5 billion ($2.7 billion). The companies had earlier agreed on an indicative price of €2.7 billion ($2.9 billion) at the closing date.
World Nuclear News 28th Jan 2016 read more »