PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: AREVA

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Launch of the Process for Transferring Nuclear Fuel Cycle Activities to NewCo - AREVA formally initiates the process for transferring nuclear fuel cycle activities to NewCo - AREVA.com
Launch of the Process for Transferring Nuclear Fuel Cycle Activities to NewCo

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2016/08/30 - AREVA formally initiates the process for transferring nuclear fuel cycle activities to NewCo - AREVA.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Adoption of the draft partial transfer agreement providing for a remuneration of the contribution calculated on the basis of an actual value of transferred assets and liabilities in the order of 1.4 billion euros;
• Convening of the Extraordinary General Meeting of AREVA SA on November 3, 2016, to approve the draft partial transfer agreement;
• Convening of Meetings of Bondholders on September 19, 2016, to approve the proposed partial transfer of assets from AREVA SA to NewCo and the simultaneous transfer of the bond debt1 to NewCo:
- Granting by AREVA SA of a temporary guarantee until completion of the NewCo capital increase, in the form of an irrevocable joint and several guarantee for the bondholder debt to be transferred to NewCo
- Preliminary B+ credit rating attributed to NewCo by S&P with possible raise by several notches on completion of the capital increase
• Confirmation of the projected capital increase for an overall amount of 5 billion euros2 divided into 2 billion euros in AREVA SA and 3 billion euros in NewCo, in line with the financing requirements of the two companies;
• Update of Newco's mid-term financial outlook to take account of Front End market conditions.

1. With the exception of the 2016 bond issue which will be repaid by AREVA SA at maturity
2. Subject to approval by the European Commission under the rules on state aid

Investors Relations: Manuel Lachaux / Anne-Sophie Jugean
T: +33(0)1 34 96 11 53 / +33(0)1 34 96 62 41
E: manuel.lachaux[.]areva.com / anne-sophie.jugean[.]areva.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AREVA

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Launch of the Process for Transferring Nuclear Fuel Cycle Activities to NewCo

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

AREVA | NewCo
Publisher Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AREVA / Company Profile


Read Energy Most Recent Related Newswires:

PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)