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.
Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...