Areva to sell nuclear measurements subsidiary

Areva and French private equity manager Astorg Partners on Oct. 22 entered into exclusive negotiations to finalize the sale of Canberra, Areva’s nuclear measurements subsidiary.

The operation is part of the "Action 2016" strategic action plan set out by Areva in December 2011, which visualized the sale of assets with a view to continue reducing the debt of the group and finance its strategic and safety investment program, Areva said.

Canberra has been serving the nuclear community for over four decades. The company provides nuclear measurement solutions used to maintain safety of personnel, assess the health of nuclear facilities and safeguard the public and the environment.

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