French state-controlled power
group EDF said on Monday it had agreed to sell stakes
in the New NP reactor business formed from the restructuring of
nuclear group Areva to Mitsubishi Heavy Industries
and Assystem.
Areva has agreed to sell the Areva New NP business, which
designs, builds and services nuclear reactors, to EDF as part of
a government-led restructuring after years of losses.
EDF said Mitsubishi Heavy Industries would take a stake of
15 percent, which could later rise to 19.5 percent, while French
company Assystem would buy 5 percent stake in the New NP group.
EDF said the acquisition confirmed New NP’s valuation at 2.5
billion euros ($2.9 bi…
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