AREVA sells its 20% stake in Sofradir

Press release

GROUPE / FINANCE

January 30, 2012

AREVA announced today the sale of its 20% stake in the company Sofradir.

Thales and Safran groups, who hold 40% stakes in Sofradir, both acquire an additional 10%, bringing their stakeholdings in the company to 50% each. 

Sofradir develops and manufactures infrared detectors for military, civil and space applications. The company employs 550 people, mostly at its Veurey-Voroise site near Grenoble, and achieves a turnover of around 150 million euros. 

This disposal of a minority stake that is non-strategic for AREVA contributes to the group’s financing plan as announced in the Strategic Action Plan "Action 2016".