AREVA completes the disposal of its majority stake in Technoplus Industries
August 05, 2013
AREVA announces the closing of the sale of its 65.2% share in Technoplus Industries (TPI) to AVA Conseil.
TPI is specialized in the design and manufacturing of high quality mechanical pieces for the energy and aeronautic industries. Implanted on two sites in the Bouches-du-Rhônes region (France), TPI employs 118 people and generated sales revenue of nearly 16 million euros in 2012.
After a competitive process, the project proposed by AVA Conseil was chosen. AVA Conseil is co-owned by Mr Antoine VEYRAT and Impala, an investment holding company managing more than 800 million euros of assets, mainly in the energy sector.
The backing by AVA Conseil will enable TPI to benefit from new prospects and will guarantee industrial viability and employment.
CNIM remains minority shareholder of TPI with its 34.8% stake.
The disposal of AREVA’s stake in TPI falls within the framework of the asset disposals program part of the “Action 2016” strategic plan, which targeted sales proceeds of 1.2 billion euros over the 2012-2013 period. This objective was reached one year ago with the disposal of La Mancha Resources Inc. The proceeds from the sale of TPI will contribute to the financing of the strategic and safety investment program, as well as to the debt management of AREVA.