China Mulls Potential Stake, Partnership with Areva

 China Mulls Potential Stake, Partnership with Areva

Areva said it is looking into selling a potential minority business stake to its Chinese nuclear partner.
 
Areva and China National Nuclear Corp. (CNNC) signed a memorandum of understanding for a partnership that could include a minority stake acquisition by CNNC in Areva’s capital and a partnership covering all of the nuclear fuel cycle activities. Those activities include uranium mining, front end, recycling, logistics, decommissioning and dismantling.
 
“This project offers numerous opportunities for both Areva and CNNC,” said Philippe Varin, chairman of Areva’s Board of Directors. “Strengthening the cooperation with our Chinese partners is an integral factor for Areva’s future success.”
 
The proposal falls within the framework fixed by the French-Chinese joint declaration on June 30, 2015.
 
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