The new AREVA

The French state is the main shareholder of AREVA with a 86% share. The restructuring of AREVA has entered its final phase and the future organisation is now set. The new AREVA (called 'NEW AREVA' temporarily) will focus on fuel cycle activities only while designing reactor activities including fuel fabrication (formerly called 'AREVA NP') and associated services will be taken over by EDF (Electricite de France). The AREVA SA holding will gather the activities linked to the EPR contract of Olkiluoto-3 in Finland and those that are planned to be sold. The European Commission has given its agreement for this new reorganisation around 3 entities. The French state has decided to make 2 capital increases: one of 2 billions euros for AREVA SA and another of 2.5 billions euros for NEW AREVA. AREVA is an industrial group whose main industrial platforms are located in France: Tricastin, La Hague, MELOX. 2 Japanese companies (MHI and JNFL) and Chinese authorities have indicated that they are interested to acquire shares of NEW AREVA. (A.C.)