Regulatory News:
AREVA (Paris:AREVA) and the Fonds Stratégique d'Investissement (FSI) signed a share purchase agreement today for the disposal of AREVA's stake in Eramet (representing approximately 26% of Eramet share capital) to FSI.
This agreement follows the announcement of December 27, 2011 that exclusive negotiations had been entered into with FSI for this transaction, and the press release of March 1, 2012 indicating the sale price of 776 million euros.
"The disposal of AREVA's stake in Eramet to FSI is an important step towards achievement of the objective of a minimum of 1.2 billion euros in disposals that the Group has set for itself as part of the 'Action 2016' strategic action plan. The closing of this disposal will thus contribute to the funding of the Group's strategic and safety-related investment program," commented Luc Oursel, Chief Executive Officer of AREVA.
The conclusion of this agreement and the closing of the transaction remain subject to confirmation by the Autorité des marchés financiers that it is not necessary for the parties to file a takeover bid on Eramet shares, and to the necessary authorizations related to competition law.
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AREVA supplies solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement.
Ranked first in the global nuclear power industry, AREVA's unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and related services. The group is also expanding in renewable energies – wind, solar, bioenergies, hydrogen and storage – to be one of the top three in this sector worldwide in 2012.
With these two major offers, AREVA's 48,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.
Contacts:
AREVA
Press Office
Patricia Marie / Pauline
Briand / Maxime Michaut / Jérôme Rosso, +33 (0) 1 34 96 12 15
F:
+33 (0) 1 34 96 16 54
press@areva.com
or
Investor
Relations
Marie de Scorbiac, +33 (0) 1 34 96 05 97
marie.descorbiac@areva.com
or
Philippine
du Repaire, +33 (0) 1 34 96 11 51
philippine.durepaire@areva.com
