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Significance
The deal, which values Areva NP at 2.7 billion euros (3 billion dollars), is in effect a bailout designed to secure the survival of Areva and the French nuclear supply chain.
Impacts
The deal must undergo due diligence, expected to take until the fourth quarter of 2015. It also faces regulatory scrutiny.
The parties aim to close the deal in the second half of 2016.
Areva's likely public recapitalisation is expected to be announced in September this year.
Areva's financing woes leave the international field clearer for Russia's Rosatom, among others.
Keywords:
France,
EUR,
United Kingdom,
China,
Finland,
Russia,
United Arab Emirates,
economy,
corporate,
energy,
foreign trade,
infrastructure,
nuclear energy,
policy,
public sector
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2015
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