AREVA finalizes the disposal of its stake in Eramet
GROUP / FINANCE
May 16, 2012
AREVA and the Fonds Stratégique d’Investissement (FSI) have today finalized the disposal of AREVA’s stake in Eramet (representing approximately 26% of Eramet share capital) to FSI.
This operation is being conducted subsequent to the signature of the share purchase agreement concluded on March 16 and to the lifting of the standard conditions precedent imposed with regard to the antitrust authorities and the Autorité des marchés financiers.
This operation, corresponding to an amount of 776 million euros, is an important step towards achievement of the objective of 1.2 billion euros in disposal by 2013 that the group has set for itself as part of the "Action 2016" strategic action plan. It thus contributes to a reduction in the group's net debt and helps to finance the group's strategic and safety investment program.