France to Acquire Remaining Stake in Areva

Published: Jul 31 2017
Deal Summary

Government of France, has agreed to acquire remaining stake in Areva SA, an integrated company that provides technological solutions for nuclear power generation, in a buyout offer.

Under the agreement, the government will launch a buyout offer to acquire all the shares at a price of EUR4.5 (USD5.29) per share that it does not own from August 1, 2017 to August 14, 2017. Following the acquisition, the government aims to delist Areva from the Paris stock exchange.

Currently, the government owns more than 92% in Areva following a restructuring of the former Areva group. ODDO BHF Aktiengesellschaft is acting as financial advisor to the government for the transaction.

On August 4, 2017, Reuters, citing sources familiar with the situation, reported that Kuwait Investment Authority will sell its approximately 5% stake in Areva to the government in the buyout offer. According to the sources, will buy Kuwait Investment Authority’s approximately 18.46 million Areva shares, at a price of EUR4.5 (USD5.29) per share for a consideration of EUR83.07 million (USD97.62 million).

Earlier in 2010, Kuwait Investment Authority has acquired 4.82% stake in Areva for a purchase consideration of EUR600 million (USD712 million).

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