The French firm Areva, the biggest supplier of nuclear fuel and services in the world, has announced it will not make a bid to purchase its competitor Urenco, Bloomberg reports.
âWe definitively monitor closely the situation,â Areva CFO Pierre Aubouin told Bloomberg. âBut we wouldnât be doing anything that would hurt our balance sheet.â
Like much of the nuclear industry, Areva has seen challenges in recent years due to rising costs and public apprehension about nuclear power following Fukushima. Aubouin said the companyâs strategy moving forward in the near term doesnât include plans for âmassive acquisitions,â though it may involved purchasing âselectedâ technologies, Bloomberg reports.
Urencoâs owners, including two German utilities and the governments of the UK and the Netherlands, have said theyâd like to sell the firm.
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