AREVA completes the disposal of its majority stake in Technoplus Industries

Regulatory News:

AREVA (Paris:AREVA) announces the closing of the sale of its 65.2% share in Technoplus Industries (TPI) to AVA Conseil.

TPI is specialized in the design and manufacturing of high quality mechanical pieces for the energy and aeronautic industries. Implanted on two sites in the Bouches-du-Rhônes region (France), TPI employs 118 people and generated sales revenue of nearly 16 million euros in 2012.

After a competitive process, the project proposed by AVA Conseil was chosen. AVA Conseil is co-owned by Mr Antoine VEYRAT and Impala, an investment holding company managing more than 800 million euros of assets, mainly in the energy sector.

The backing by AVA Conseil will enable TPI to benefit from new prospects and will guarantee industrial viability and employment.

CNIM remains minority shareholder of TPI with its 34.8% stake.

The disposal of AREVA’s stake in TPI falls within the framework of the asset disposals program part of the "Action 2016” strategic plan, which targeted sales proceeds of 1.2 billion euros over the 2012-2013 period. This objective was reached one year ago with the disposal of La Mancha Resources Inc. The proceeds from the sale of TPI will contribute to the financing of the strategic and safety investment program, as well as to the debt management of AREVA.

MORE ABOUT AREVA

AREVA supplies advanced technology solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement.

Ranked first in the global nuclear power industry, AREVA’s unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and operating services. The group is actively developing its activities in renewable energies – wind, bioenergy, solar and energy storage – to become one of the leaders in this sector worldwide.

With these two major offers, AREVA’s 47,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.

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