Closing out of the sale of AREVA TA
March 30, 2017
AREVA S.A. yesterday sold its majority stake in AREVA TA, its subsidiary specializing in nuclear propulsion and research reactors and employing nearly 1,500 people, to a consortium of buyers made up of the French Government's Agency of State Holdings (Agence des Participations de l’Etat – APE), the French Alternative Energies and Atomic Energy Commission (Commissariat à l'énergie atomique et aux énergies alternatives – CEA) and DCNS. The parties had signed a sale agreement on December 15, 2016. As of today, the shareholders of AREVA TA are as follows: the French state, by way of the APE, is the majority shareholder with 50.32% of the capital of AREVA TA, while the CEA, DCNS and EDF respectively hold stakes of 20.32%, 20.32% and 9.03%.
This transaction is one of the four principal disposal operations conducted by AREVA. Canberra (nuclear measurements), ADWEN (offshore wind) and AREVA TA are sold; the sale of AREVA NP is to be carried out by the end of 2017.
Philippe Knoche, AREVA CEO, made the following statement: "The finalization of the sale of AREVA TA is further evidence of our commitment to carry forward AREVA's transformation and to refocus the group on the nuclear cycle business. This change in the ownership structure of AREVA TA, maintaining a number of industrial players among the shareholders and reinforcing the role of the French State, safeguards AREVA TA's activities while offering new resources for its industrial development. I would like to thank Carolle Foissaud and the AREVA TA teams for their hard work and wish them great success for the future."
Carolle Foissaud declared: "A new page in the company's history opens today. AREVA TA's human potential has been proven many times over, its expertise and know-how are unique in the world. I have full confidence in the management team to capitalize on and develop this wealth for the future development of the company. I am proud to have supported the teams up to this major juncture and I thank all the employees for the work accomplished together and for their contribution to the realization of this operation."