AREVA : finalizes the disposal of its stake in Eramet
05/16/2012| 12:30pm US/Eastern
AREVA (Paris:AREVA) and the Fonds Stratégique d'Investissement
(FSI) have today finalized the disposal of AREVA's stake in Eramet
(representing approximately 26% of Eramet share capital) to FSI.
This operation is being conducted subsequent to the signature of the
share purchase agreement concluded on March 16 and to the lifting of the
standard conditions precedent imposed with regard to the antitrust
authorities and the Autorité des marchés financiers.
This operation, corresponding to an amount of 776 million euros, is an
important step towards achievement of the objective of 1.2 billion euros
in disposal by 2013 that the group has set for itself as part of the
"Action 2016" strategic action plan. It thus contributes to a reduction
in the group's net debt and helps to finance the group's strategic and
safety investment program.
AREVA supplies solutions for power generation with less carbon. Its
expertise and unwavering insistence on safety, security, transparency
and ethics are setting the standard, and its responsible development is
anchored in a process of continuous improvement.
Ranked first in the global nuclear power industry, AREVA's unique
integrated offering to utilities covers every stage of the fuel cycle,
nuclear reactor design and construction, and related services. The group
is also expanding its operations to renewable energies - wind, solar,
bioenergies, hydrogen and storage - to be one of the leaders in this
With these two major offers, AREVA's 48,000 employees are helping to
supply ever safer, cleaner and more economical energy to the greatest
number of people.
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