mitsubishi assystem take stakes in frances nuclear reactors firm
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

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

Arab Today, arab today

Arab Today, arab today Mitsubishi, Assystem take stakes in France's nuclear reactors firm

Japanese conglomerate Mitsubishi and French engineering consulting firm Assystem
Paris - Arab Today

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.

arabstoday
arabstoday

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

 



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

 



GMT 11:28 2017 Saturday ,15 April

President Al-Bashir's visit to Kuwait and Bahrain

GMT 07:51 2017 Sunday ,26 November

HRH Crown Prince condoles with Egyptian President

GMT 14:35 2018 Friday ,12 October

Bahrain's media history documentation hailed

GMT 11:45 2017 Friday ,29 December

10 bodies found in mass grave in Myanmar

GMT 08:44 2016 Monday ,19 December

Hopeless Afghan struggle to save boy sex slaves

GMT 15:15 2013 Friday ,05 July

I breathe freedom in Jordan

GMT 12:55 2016 Sunday ,18 December

Kerry in likely last visit with Saudi king

GMT 05:49 2017 Wednesday ,24 May

Indian police make arrests after mobs lynch 8

GMT 12:12 2017 Sunday ,19 February

More South Sudanese officials quit unity gov't

GMT 09:25 2017 Wednesday ,09 August

Ghada Abdel Raziq prefers exciting drama

GMT 15:03 2017 Saturday ,14 October

HM King congratulates French President

GMT 22:10 2017 Wednesday ,03 May

Boosting Bahraini-Czech relations discussed

GMT 12:43 2017 Thursday ,30 November

Saudi prince freed in 'billion-dollar deal'

GMT 03:55 2017 Friday ,17 November

Al-Hilal's Eduardo looking to lead from the front

GMT 03:26 2017 Saturday ,18 November

Tesla's all-electric semi truck
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday