Key Developments: Areva SA (ARVCY.PK)

ARVCY.PK on OTC Markets Group

2.23USD
15 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Areva withdraws legal action over CEZ as's Temelin nuclear power plant extension project
Thursday, 17 Apr 2014 12:11pm EDT 

Areva SA:Announces withdrawal of appeal lodged with Regional Court of Brno on Sept. 19, 2013.Decision follows announcement by Czech utility, CEZ as, to cancel tender process which group was excluded from in 2012.  Full Article

Areva JV to build waste treatment facility at Sellafield
Tuesday, 15 Apr 2014 03:39am EDT 

Areva SA:Sellafield Ltd. selects joint venture of Areva and British companies Mace and Atkins (JV) as preferred bidder for Silos Direct-encapsulation Plant project.Customized waste treatment plant to be created in order to process legacy materials from Magnox fuel present on site.JV to complete engineering design, procurement, construction, and commissioning related activities for facility.Sellafield Ltd to enter period of Preferred Bidder Clarification and confirmation of commitment with JV whilst contract is finalized and all legal processes are completed.Final contract award requires approval from Nuclear Decommissioning Authority.  Full Article

Areva SA signs contract with South Korean Utility KHNP for Replacement of Six Stators
Monday, 14 Apr 2014 03:24am EDT 

Areva SA:Receives contract by Korea Hydro & Nuclear Power (KHNP) for supply and replacement of six stators for Kori Nuclear Power Plant Units 3 and 4.Delivery and replacement operations expected to begin in June 2015 and finish in 2018.  Full Article

French prosecutor investigates Areva SA's 2007 Uramin buy-Le Monde
Wednesday, 9 Apr 2014 08:00pm EDT 

Areva SA:France's financial prosecutor has opened preliminary investigation into state-controlled nuclear group Areva's 2007 acquisition of Canadian uranium mining company Uramin-Le Monde.Prosecutor is investigating possible "presentation or publication of inaccurate or untrue accounts", "distribution of false or misleading information", and "forgery" according to Le Monde.Cour des Comptes referred the case to the prosecutor following its own audit of Areva's accounts between 2006 and 2012.  Full Article

Areva SA to propose share repurchase program
Sunday, 30 Mar 2014 08:00pm EDT 

Areva SA:To propose share repurchase program to annual general meeting.Program would authorize repurchase of up to 10 pct of capital.Maximum price per share 40 euros.Total maximum that could be spent 1,532,819,400.Authorization valid for 18 months.  Full Article

Areva signs business and JV agreements with Chinese partner CNNC
Wednesday, 26 Mar 2014 02:57pm EDT 

Areva SA:Signs agreement with China National Nuclear Corporation (CNNC) related to pursuit of used fuel treatment and recycling facility project.Letter of intention already signed in April 2013.Industrial negotiations for this project are advancing.Technical discussions to define distribution of tasks and responsibilities are being finalized in line with the initial schedule.Both companies plan to expand their cooperation in fields of operational support and maintenance of future facility as well as used fuel logistical chain.Two additional cooperation agreements signed: to develop strategic partnership in all civil nuclear fields and to set up joint venture in field of digital safety instrumentation and control (I&C) systems.Joint venture to be managed by Areva (49 pct share) and CNNC (51 pct share) is established to prioritize supplying TELEPERMXS I&C platform to Chinese market.  Full Article

Areva launches 750 mln euros bond issue
Wednesday, 12 Mar 2014 02:10pm EDT 

Areva SA:Launches and prices nine-year bond issue for 750 million euros.Maturity date March 20, 2023.Annual coupon 3.125 pct.Issue settlement and admission to trade notes on Euronext Paris scheduled on March 20.Issue bookrunners including BBVA, Citi, Credit Agricole CIB, Natixis, Royal Bank of Scotland and Societe Generale.  Full Article

Areva SA wins appeal over outsourcing energy production at nuclear waste facility-AFP
Thursday, 6 Mar 2014 04:25pm EST 

Areva SA:Court of Appeal in Paris says Areva can outsource energy production for its nuclear waste treatment facility in La Hague-AFP.This overturns the original verdict in the case, which had been brought by the FO and CGT trade unions.  Full Article

Areva SA shares fall sharply following results-Reuters
Wednesday, 26 Feb 2014 07:00pm EST 

Areva SA:Areva shares fell sharply after its results announcement-Reuters.  Full Article

Areva SA gives FY 2014 revenue guidance below analysts' estimates; gives FY 2015-2016 revenue guidance
Wednesday, 26 Feb 2014 02:38pm EST 

Areva SA:Expects decrease in organic sales revenue of 2pct to 5pct for FY 2014.Expects organic sales revenue growth of 4 to 5 pct per year on average for the 2015- 2016 period.The company reported revenue of 9.24 billion euros in FY 2013.FY 2014 revenue of 9.98 billion euros - Thomson Reuters I/B/E/S.FY 2015 revenue of 10.55 billion euros - Thomson Reuters I/B/E/S.  Full Article

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