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Areva Sold Eramet 26% Stake To French Sovereign Fund FSI

05/16/2012 | 01:23pm US/Eastern

French state-controlled nuclear engineering firm Areva (>> AREVA) Wednesday said it finalized the sale of its 26% stake in mining company Eramet SA (>> ERAMET) to French state-owned investment fund Fonds Strategique d'Investissement for EUR776 million.

MAIN FACTS:

- 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 stock market regulator, Autorité des marchés financiers.

- This operation, corresponding to an amount of EUR776 million, is an important step towards achievement of the objective of 1.2 billion euros in disposal by 2013.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com

Stocks mentioned in the article : AREVA, ERAMET
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