May 29, 2017

An important milestone in AREVA’s restructuring

The European Commission has approved EDF's proposed takeover of New NP under the European Union Merger Regulation. The Commission has concluded that the transaction would not raise competition concerns.

On 10 January, the European Commission has included a second pre-condition for the increase of capital: obtaining favorable conclusions from the ASN regarding the outcome of the tests on the carbon segregation of Flamanville 3 reactor pressure vessel. This decision is expected at the beginning of  2017 third quarter.

The sale of AREVA NP’s activities to EDF is still scheduled by the end of 2017. The stake acquired by EDF, up to 75% could thus be reduced to a lower stake securing nevertheless EDF’s exclusive control.