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ARVCY.PK on OTC Markets Group

7 Nov 2016
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Wed, Nov 23 2016


Areva hopes China's CNNC, Japan's MHI will agree to buy stakes soon

PARIS French state-controlled nuclear group Areva hopes that China's CNNC and Japan's MHI will agree to buy minority stakes in the firm in coming weeks as part of a restructuring of the loss-making firm, Areva's chairman said on Wednesday.

UPDATE 2-Areva hopes China's CNNC, Japan's MHI will agree to buy stakes soon

* Hopes for EU green light for restructuring by year-end (Adds Varin comments on asset sales, background on restructuring)

Areva's Varin targeting firm offers from CNNC and MHI

PARIS, Nov 23 Areva is in talks with Chinese nuclear group CNNC and Japan's Mitsubishi Heavy Industries (MHI) about taking a minority stake in the French state-controlled nuclear group, the company said on Wednesday.

Chinese, Japanese, Kazakh firms in talks about Areva stake: source

PARIS Chinese, Kazakh and Japanese firms are in talks to invest in Areva , according to a French government source, a partnership deal that could help persuade regulators that a rescue plan for the nuclear group is not illegal state aid.

France's EDF throws Areva a lifeline with reactor deal

FLAMANVILLE, France France moved to shore up its nuclear industry on Wednesday with utility EDF agreeing to buy the reactor construction business of state-run peer Areva for 2.5 billion euros ($2.7 billion).

UPDATE 4-France's EDF throws Areva a lifeline with reactor deal

* Finnish contracts to stay with Areva (Adds comment from Areva's Finnish client TVO)

EDF signs deal to buy Areva's reactor assets

PARIS, Nov 16 French state-owned power utility EDF has signed a binding agreement to buy lossmaking Areva's reactor assets, in a deal valuing the Areva NP arm at 2.5 billion euros ($2.7 billion), the companies said on Wednesday.

China looking to take part in Areva restructuring, says China vice PM

PARIS Chinese companies are looking to take part in the restructuring of French state-controlled nuclear group Areva , Chinese Vice Premier Ma Kai told reporters on Monday.

BRIEF-Lightbridge and Areva reach key deal terms on metallic nuclear fuel JV

* Areva - co, Lightbridge signed a term sheet for joint venture on october 31, 2016

Difficult partner search jeopardizes Areva state rescue

PARIS French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a state rescue package for the group, hit by years of losses.

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