EU To Rule On Siemens AG, Areva SA Probe Next Week-Reuters

Reuters reported that EU regulators will decide next week whether to accept concessions offered by Germany's Siemens AG and France's Areva SA to end an investigation into their former nuclear power joint venture. If the regulator agrees to accept the concessions, it would then drop the investigation without a fine for Siemens or Areva. Companies can be fined up to 10% of their turnover for breaching EU antitrust rules. The EU regulator's investigation has centred on a non-compete clause signed by the companies as part of joint venture Areva NP - formed in 2001 - which still applied after Siemens quit the venture in 2009.