CNNC may take stake in Areva
Print Edition
FRENCH nuclear group Areva said yesterday that state-owned China National Nuclear Corp could take a minority stake in its business under a draft deal signed in Beijing.
The agreement signed during a visit to China by President Francois Hollande also foresees industrial cooperation with CNNC throughout the uranium cycle, state-owned Areva said.
“This project offers numerous opportunities for both Areva and CNNC. Strengthening the cooperation with our Chinese partners is an integral factor for Areva’s future success,” its Chairman Philippe Varin said in Beijing.
France is planning to pump 2.5 billion euros (US$2.8 billion) into Areva, which is selling off a majority stake in its reactor unit to EDF, France’s state-owned electricity producer.
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