Key Developments: Areva SA (ARVCF.PK)
16.40USD
17 May 2013
$0.48 (+3.02%)
$15.92
$16.30
$16.40
$16.30
42,114
960
$20.60
$11.07
Latest Key Developments (Source: Significant Developments)
Areva SA Announces No FY 2012 Dividend Payment and Appoints and Renews New Statutory Auditors
Areva SA announced that shareholders at the Combined Ordinary and Extraordinary General Meeting have approved the allocation of earnings in their entirety to retained earnings for fiscal year 2012, entailing the non-payment of a dividend. Shareholders also approved the appointment of the new college auditors with notably the appointment of Ernst & Young and renewal of Mazars as statutory auditors for a period of six fiscal years. Full Article
Electricite de France SA, Areva SA and China Guangdong Nuclear Power Holding Co Sign Joint Statement of Cooperation
Electricite de France SA announced that Mr. He Yu, Chairman of China Guangdong Nuclear Power Holding Co. (CGNPC), Mr. Henri Proglio, Chief Executive Officer of Electricite de France SA (EDF), and Mr. Luc Oursel, Chief Executive Officer of Areva SA have signed a tripartite agreement fostering deeper industrial and commercial cooperation among the three groups. According to the terms of this agreement, CGNPC, Areva SA and EDF reaffirm their willingness to complete the construction of the first two reactors in Taishan, and to start of their commercial operation. This will also set the stage for the development of future reactors. In this perspective, Areva SA and CGNPC will shortly analyze the return on experience gained from the construction of Taishan 1 & 2 units. Full Article
Areva SA Announces Strategic Agreement with CNNC
Areva SA announced that it has signed a letter of intent with CNNC (China National Nuclear Corporation) to build a used fuel treatment and recycling facility in China. This agreement is a milestone in the negotiations as part of the signature of a future contract for the sale of the facility. The agreement covers the technical specifications and the project organization as well as the responsibilities and scope of work for each partner. The future facility would process used nuclear fuel from Chinese power plants in order to recover the reusable materials and recycle them as fuel. The facility would have a capacity to treat 800 metric tons of used fuel per year. Additionally, the two presidents of Areva SA and CNCC confirmed the advancement in their discussions on the potential equity interest acquisition of CNCC in the Areva SA subsidiary that holds a 66.65% stake in the Imouraren mine in Niger. Full Article
Electricite de France SA, Areva SA and CGNPC Sign Joint Statement of Cooperation
Electricite de France SA, Areva SA and China Guangdong Nuclear Power Holding Co. (CGNPC) announced that they have signed a tripartite agreement fostering deeper industrial and commercial cooperation among the three groups. According to the terms of this agreement, CGNPC, Areva and Electricite de France reaffirm their willingness to complete the construction of the first two reactors in Taishan, and to carry out a start of their commercial operation. This will also set the stage for a development of future reactors. In this perspective, Areva and CGNPC will shortly analyze the return on experience gained from the construction of Taishan 1 & 2 units. This cooperation also foresees Electricite de France and Areva contribution, in their respective field of expertise, to the improvement of safety, maintenance and performance of CGNPC's reactors in operation, and to the evolution of its fleet. Full Article
Areva SA Signs Fuel Contract with Exelon
Areva SA announced that it has signed a contract with the U.S. utility Exelon to provide nuclear fuel fabrication services to Dresden and Quad Cities nuclear power stations (Illinois) and to continue fabrication services to Three Mile Island nuclear plant (Pennsylvania). Under the agreement, AREVA will supply beginning in 2016 a total of twelve reloads to the four Dresden and Quad Cities units. In addition, the group will provide six fuels reloads to Three Mile Island and continue to supply the facility with both fuel and engineering services. Full Article
Areva SA Faces Strike Action in Niger
Reuters reported that workers at Areva SA's Cominak uranium mine in northern Niger started a 48-hour strike on April 18, 2013 to demand the payment of a bonus on the mine's 2012 financial results. Full Article
Areva SA to Supply KAERI/DAEWOO Consortium with Nuclear Fuel
Areva SA announced that it has signed a contract with the Korean KAERI/DAEWOO consortium to supply fuel elements for the JRTR (Jordan Research and Training Reactor) being built in Jordan. The agreement concerns the supply of nuclear fuel for the first reactor core and for a reload batch. Delivery of the fuel elements is scheduled for the beginning of 2015. Financial terms were not disclosed. Full Article
Areva SA and PEICo Complete Contract to Provide Emergency Regional Response Centers for the Nuclear Industry
Areva SA and PEICo (Pooled Equipment and Inventory Company), who operates the inventory sharing program for U.S. nuclear power plants, have completed a contract that aligns their services to provide and operate offsite regional response centers for the U.S. nuclear industry. Under the SAFER (Strategic Alliance for FLEX Emergency Response) alliance, Areva and PEICo will manage the backup system inventory and provide implementation services as part of an industry-wide safety program. Full Article
Mitsubishi Heavy Industries Ltd, Areva SA Have Won Turkish Nuclear Plant Deal-Reuters
Reuters reported that Mitsubishi Heavy Industries Ltd and Areva SA have won an order to build Turkey's second nuclear power plant, a project that is expected to cost some $22 billion, the Nikkei business daily said. Turkey's Energy and Natural Resources Ministry has informed Japanese government and corporate officials of the decision to award the deal to build four nuclear reactors with a total capacity of about 4.5 gigawatts at Sinop on the Black Sea, the report said. Full Article
Areva SA and Astorg Partners Sign Agreement for the Sale of Canberra
Areva SA announced that it has signed an agreement for the takeover of Canberra, the Company's nuclear measurement subsidiary, by Astorg Partners. The closing of the transaction, which remains subject in particular to regulatory authorizations, is planned before the end of the first semester of 2013. The financial terms of the deal were not disclosed. Full Article
UPDATE 1-Areva Q1 revenue up 12.5 pct on strength in mining
PARIS, April 25 - French nuclear group Areva SA said first-quarter revenue jumped 12.5 percent to 2.28 billion euros ($2.97 billion) as strength in uranium mining offset slow growth in its reactor business and falling revenue from uranium enrichment.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
