areva sells stake in eramet for 776 mn euros
Last Updated : GMT 16:18:42
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Arab Today, arab today

Areva sells stake in Eramet for 776 mn euros

Arab Today, arab today

Arab Today, arab today Areva sells stake in Eramet for 776 mn euros

Paris - AFP

French nuclear energy giant Areva said Friday it had signed a deal to sell its 26 percent stake in the Eramet mining company to France\'s strategic investment fund FSI for 776 million euros ($1.0 billion). Areva began exclusive talks with the FSI in December to dispose of the stake after having announced plans to sell more than 1.2 billion euros in assets as part of a major restructuring and cost-cutting drive. \"The closing of this disposal will thus contribute to the funding of the Group\'s strategic and safety-related investment programme,\" Areva chief executive Luc Oursel said in a statement. The French state views the Eramet stake as strategic due to company\'s strong presence in the French Pacific island group of New Caledonia.

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areva sells stake in eramet for 776 mn euros areva sells stake in eramet for 776 mn euros

 



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areva sells stake in eramet for 776 mn euros areva sells stake in eramet for 776 mn euros

 



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