Siemens release: AREVA asserts its rights
STRATEGY / FINANCE
March 04, 2009
Siemens has announced the signature of an agreement with Rosatom to create a nuclear joint venture.
AREVA points out that Siemens with its 34% share in AREVA NP has a number of compulsory obligations under the shareholders' agreement dated January 30, 2001, which in particular contains a non-competition clause.
AREVA has informed Siemens that by announcing this joint venture it is in breach of contract, with all the ensuing consequences by virtue of the shareholders' agreement.