7b nuclear reactor deal in Areva revamp PARIS: French state owned power utility EDF has jimmy choo suede sandals agreed to buy loss making Areva nuclear reactors in a deal valuing them at 2.5 billion euros (US$2.7bil). Areva, which has been under severe financial strain, is undergoing a restructuring blue jimmy choo trainers and is selling the Areva NP business to focus on uranium mining and nuclear fuel. Yesterday widely expected announcement from the French companies clears the way for Areva to raise a further 5 billion euros in new capital, largely from the French state.
signature marks an important stage in jimmie cho the refocusing of Areva on fuel cycle activities, our core business, said Areva chief executive Philippe Knoche in a statement. Meanwhile, EDF chief executive Jean Bernard Levy, who has said that EDF would be open to foreign investors acquiring minority stakes in Areva NP, said the deal would broaden EDF international reach. Contracts for the troubled EPR Olkiluoto 3 project in Finland and the resources required to complete it, as well as certain contracts relating to jimmy choo lace pump components forged at the Le Creusot plant, will stay within Areva NP, the firms said.
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