mitsubishi assystem take stakes in frances nuclear reactors firm
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Mitsubishi, Assystem take stakes in France's nuclear reactors firm

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleMitsubishi, Assystem take stakes in France's nuclear reactors firm

Japanese conglomerate Mitsubishi and French engineering consulting firm
Paris - AFP

Japanese conglomerate Mitsubishi and French engineering consulting firm Assystem have taken stakes in French nuclear reactor business New NP, created from Areva, electricity firm EDF said Monday.

The operation will value New NP at 2.5 billion euros, it said.

EDF had obtained the green light in May from EU anti-trust regulators to buy out the troubled Areva Group's nuclear reactors business.

It said Mitsubishi Heavy Industries would take a stake of between 15 and 19.5 percent and Assystem 5 percent.

"EDF remains open to the entry of other strategic partners," the state-owned electricity supplier said.

Assystem had said in May that it was targeting a stake in Areva NP as it shifts focus away from the automobile and aeronautical sectors.

In a statement on Monday, it said it was investing 125 million euros ($142 million) in the deal.

Areva, France's national champion in nuclear construction, has been in difficulty since the 2011 Fukushima disaster in Japan dealt a crippling blow to the prospects of the sector.

Areva's woes have been compounded by construction problems affecting its first EPR reactor in Finland -- now expected to open nine years late in 2018.

Areva's former CEO Anne Lauvergeon has been charged in a case linked to the company's disastrous 2007 purchase of a Canadian uranium mining firm.

EDF agreed in June 2015 to purchase up to 75 percent of Areva's reactor unit at an initial valuation of around 2.7 billion euros, with the deal expected to be finalised this year.

In April, Paris notified the EU Commission of a restructuring plan to save Areva, incorporating a previously-approved 4.5 billion euros ($4.75 billion) payout from public coffers.

France sees nuclear energy as a key national industry, which explains the government's close involvement in talks to restructure the sector.

source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mitsubishi assystem take stakes in frances nuclear reactors firm mitsubishi assystem take stakes in frances nuclear reactors firm

 



Themuslimchronicle, themuslimchronicle

GMT 18:58 2016 Friday ,08 April

Cypriot parliament speaker to visit Egypt Sunday

GMT 11:43 2017 Thursday ,21 September

More than 100 migrants missing after shipwreck off Libya

GMT 12:03 2017 Thursday ,19 January

Dollar climbs on Yellen speech, Asia traders eye Trump

GMT 12:50 2017 Friday ,15 September

Fati Jamali received offer to participate

GMT 08:56 2017 Wednesday ,15 November

Nadal pullout leaves Federer as last man standing

GMT 08:10 2016 Wednesday ,28 December

Germany cancels show of Iran shah's art trove

GMT 12:57 2017 Friday ,11 August

Military option with N. Korea 'locked and loaded

GMT 10:38 2018 Tuesday ,23 January

Al-Sabah, Nawal win Arab Woman Award 2017

GMT 13:30 2016 Thursday ,03 November

Chicago jubilant after Cubs' historic World Series win

GMT 20:23 2018 Thursday ,18 January

UK, France agree new border security treaty

GMT 10:07 2017 Tuesday ,01 August

Pakistan's parliament set to vote for interim PM
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle