Thursday, February 11, 2016

Uramin: Areva would have withheld information to the State – Le Figaro

In its Thursday edition, the daily Libération accuses Areva nuclear group to have cheated the state by concealing information on the acquisition, for € 1.8 billion, the Canadian company Uramin. The uranium deposits in Africa this company acquired in 2007 all proved unworkable.

The daily evokes confidential notes, internal mails, redacted reports, which, he says, all of which reveal the magnitude of a scandal that officials Areva have long sought to stifle. Including Anne Lauvergeon, head of the company at the time of acquisition of Uramin.

Areva is now in disarray. Virtually bankrupt public company forced the taxpayer to a massive bailout. The nuclear group needs nearly $ 5 billion in fresh capital. In the past five years, Areva has accumulated more than 8 billion euros of losses and recorded more than 9.5 billion euros of provisions and impairment.

The invoice challenge will increase with the 2015 accounts and perhaps even then, because of the disastrous contract for construction of the Olkiluoto EPR reactor in Finland. The company is bloodless, subject to a restructuring plan affecting 6,000 employees including about 3500 in France, and will soon be dismantled. – With the sale of its business to EDF reactors 2.5 billion

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