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Agreement Between AREVA and the Fonds Stratégique d’Investissement for the Disposal of AREVA’s Stake in Eramet - AREVA and the Fonds Stratégique d’Investissement (FSI) signed a share purchase agreement today for the disposal of AREVA's stake in Eramet (representing approximately 26% of Eramet share capital) to FSI - AREVA.com
Agreement Between AREVA and the Fonds Stratégique d’Investissement for the Disposal of AREVA’s Stake in Eramet

 

NewswireToday - /newswire/ - Paris, France, 2012/03/16 - AREVA and the Fonds Stratégique d’Investissement (FSI) signed a share purchase agreement today for the disposal of AREVA's stake in Eramet (representing approximately 26% of Eramet share capital) to FSI - AREVA.com.

   
 
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This agreement follows the announcement of December 27, 2011 that exclusive negotiations had been entered into with FSI for this transaction, and the press release of March 1, 2012 indicating the sale price of 776 million euros.

“The disposal of AREVA’s stake in Eramet to FSI is an important step towards achievement of the objective of a minimum of 1.2 billion euros in disposals that the Group has set for itself as part of the ‘Action 2016’ strategic action plan. The closing of this disposal will thus contribute to the funding of the Group’s strategic and safety-related investment program,” commented Luc Oursel, Chief Executive Officer of AREVA.

The conclusion of this agreement and the closing of the transaction remain subject to confirmation by the Autorité des marchés financiers that it is not necessary for the parties to file a takeover bid on Eramet shares, and to the necessary authorizations related to competition law.

AREVA press office:
Patricia Marie / Pauline Briand / Maxime Michaut

AREVA Investors Relations:
Marie de Scorbiac
T: +33(0)1 34 96 05 97 - E: marie.descorbiac[.]areva.com.

Philippine Du Repaire
T: +33(0)1 34 96 11 51 - : philippine.durepaire[.]areva.com.

 
 
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Written by / Agency / Source: AREVA

 
 

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Agreement Between AREVA and the Fonds Stratégique d’Investissement for the Disposal of AREVA’s Stake in Eramet

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AREVA |
Publisher Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AREVA securities in any jurisdiction including any other companies listed or named in this release.

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