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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Areva    AREVA   FR0011027143

AREVA (AREVA)
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AREVA : finalizes the disposal of its stake in Eramet

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05/16/2012 | 06:30pm CEST

Regulatory News:

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.

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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 sector worldwide.

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.

33 rue la Fayette - 75442 Paris cedex 09 - France - T: +33 (0) 1 34 96 00 00 - F: +33 (0) 1 34 96 00 01

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Patricia Marie
Pauline Briand
Maxime Michaut
Jérôme Rosso
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
[email protected]
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Investor Relations
Marie de Scorbiac
[email protected]
T: +33 (0) 1 34 96 05 97
or
Philippine du Repaire
[email protected]
T: +33 (0) 1 34 96 11 51


© Business Wire 2012
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