Fifteen years after its creation, Areva is in disarray. Victim of the adventures by “Atomic Anne” Lauvergeon, it has lost more than 8 billion euros. Areva rout is a new Credit Lyonnais. A quasi-public company bankruptcy forcing the taxpayer to a massive bailout. In the past five years, the nuclear group has accumulated more than 8 billion euros in losses and recorded more than 9.5 billion euros of provisions and impairment. The bill will still get heavier with the 2015 accounts and perhaps even then, because of the disastrous contract for construction of the EPR reactor at Olkiluoto in Finland. The company will be subject to a restructuring plan affecting 6,000 employees including about 3500 in France, and will soon be dismantled.
Les Echos 27th Jan 2016 read more »