Assystem to Acquire 5% Stake in New Areva from Areva and Electricite de France

Published: Jul 10 2017
Deal Summary

Assystem S.A., an independent nuclear engineering company, has agreed to acquire 5% stake in New Areva NP, a wholly owned subsidiary of AREVA NP, from Electricite de France S.A., a state-owned integrated energy company.

The acquisition will be based on a valuation consistent with that drawn up between EDF and AREVA for the stake held by EDF (i.e. a value for 100% of the capital of EUR2,500 million (USD2,720 million), on a debt-free cash-free basis, not including the effect of potential price adjustments). The commitment made by Assystem will result in an investment of EUR125 million (USD135.97 million) to be made when New Areva NP will have been fully incorporated and the conditions precedent to its sale by AREVA will have been met.

New Areva is a 100% subsidiary of AREVA NP, that will combine AREVA Group’s activities relating to design and equipments’ manufacturing of nuclear reactor and, fuel design and assemblies manufacturing and services to the nuclear installed base.

Deal History:

Planned: On May 11, 2017, Assystem intended to acquire 5% stake in New Areva from Electricite de France.

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