Thursday, July 30, 2015

EDF will take control of nuclear reactors Areva – The World

This agreement will pose the principle of a sale of the Areva reactors EDF as part of an offer valuing the company 2.7 billion euros.

Areva and EDF announced on Thursday 30 July have reached a draft agreement which provides in particular “majority control” the electrician on Areva NP. This sale, which values ​​the entire division to 2.7 billion euros, should bring some 2 billion euros in nuclear specialist in serious financial difficulty, which confirms that he will need a parallel increase Capital “significant” to meet its financing needs by 2017, he estimates at “about 7 billion euros” .

EDF plans to acquire between 51% and 75% stake in Areva NP – whose activities include the construction of nuclear reactors, the assembly of fuel and services to the installed base – while his mother retain current house 25% of the company

See the outline of the agreement. The agreement between EDF and Areva confirms

As expected from the rendering arbitration 3 June by François Hollande in favor of EDF, the agreement amounts to burst Areva, separating its two historical components: the construction of reactors and maintenance (the former Framatome) on one side, the supply of fuel nuclear power and reprocessing (former Cogema) on the other.

This is Bernard Fontana, the former head of the Swiss cement manufacturer Holcim, which was chosen jointly by EDF, Areva and the government to become the president of Areva NP. He will return him to straighten the weakest link of the French nuclear industry. Reactor construction

The deal, unveiled Thursday morning on the occasion of interim results of the two groups, will also include a revision their contract treatment and recycling of spent fuel, for which EDF Areva agreed to price cuts in recent years.

Minister Emmanuel Macron economy indicated on July 21 that the agreement on the purchase by EDF Areva NP would be unveiled at the end of the month but the ads on the recapitalization of Areva by the state would intervene later. Areva and EDF did not wish to comment on the report.

LikeTweet

No comments:

Post a Comment