Septembre 2016 / Reuters

Areva restructuring takes shape with assets transfer to NewCo

Tue Aug 30, 2016 5:25pm EDT

French nuclear group Areva (AREVA.PA) said on Tuesday it had formally started the process to transfer its nuclear fuel cycle activities to a new company.

The move follows a decision last year to reorganize the company hit by low demand for nuclear power after the Fukushima disaster in Japan 2011.

As part of a restructuring, under which 87 percent state-owned Areva will sell its nuclear reactor unit to utility EDF (EDF.PA), Areva was expected to (...)

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