Areva will proceed with a €5bn capital increase through the issuance of new shares, which is above market expectations (€4bn). A partial agreement has also been reached on the purchase of the nuclear division Areva NP for which EDF had set the price at €2.5bn with an earn-out of €350m if the results met expectations. EDF would be a majority shareholder with a share of between 51% to 75%, Areva would keep 15% and there are plans to bring in an external investor with a 10% t
28 Jan 2016
Agreement reached on Areva NP purchase and capital increase
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Agreement reached on Areva NP purchase and capital increase
- Published:
28 Jan 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Areva will proceed with a €5bn capital increase through the issuance of new shares, which is above market expectations (€4bn). A partial agreement has also been reached on the purchase of the nuclear division Areva NP for which EDF had set the price at €2.5bn with an earn-out of €350m if the results met expectations. EDF would be a majority shareholder with a share of between 51% to 75%, Areva would keep 15% and there are plans to bring in an external investor with a 10% t