. productive night. Areva, EDF and the State reached on Wednesday evening to find common ground, just in time for Thursday morning to announce the terms of a merger that should help lift the nuclear specialist financial difficulties acquiring the majority of the activity reactors.
And this is the electrician who has specified the terms of this “Memorandum of Understanding”, which provides in particular for “majority control of Areva NP by EDF “, the latter in fine considering participation” from 51% to 75% “in that branch of Areva reactors. “The parties have agreed on a target price” that values Areva NP to 2.7 billion euros and will still “be a fit,” the company said in a statement. The objective is to achieve “current 2016″ operation, Areva said in a separate statement.
After months of negotiations, the leaders of both groups sétaient gathered Tuesday evening under the auspices of the Minister Economy Emmanuel Macron. Together, they and “found the basis for an agreement,” which was discussed Wednesday by the Areva board of directors.
EDF only offered from 2 billion euros, while Areva claimed by 4. Then open a period of three to four months, during which the electrician, which operates 58 reactors of the French nuclear fleet, will examine the accounts of Areva NP to make an offer farm, by October or November.
Areva has had to accept the government’s timetable, which refers to September the subject of the capital increase. In the coming years, Areva will need 5 billion to finance itself.
In parallel, to reduce its debt, Areva will continue the implementation of its restructuring plan, which aims to achieve one billion euros in savings by 2017 and could result in the elimination of 6,000 jobs, including 000 in 3-4 France.
The group, which has about 44,000 employees, is in a critical financial situation after wiping 4.9 billion loss last year, largely related to provisions and impairments of assets.
INTERACTIVE. The employees of Areva
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