Areva NP worth EUR 1.62 billion

1 April 2011

An independent expert appointed by Siemens AG and Areva S.A. has determined the value of Siemens’ share in the nuclear power joint venture Areva NP S.A.S. at EUR 1.62 billion.

In January 2009, Siemens terminated the shareholders’ agreement for the joint venture and, pursuant to a put option, will sell its 34 percent stake to Areva S.A., the majority shareholder.

Under the terms of the shareholders’ agreement between Siemens and Areva, the stake is to be transferred by end of January 2012 at the latest. Siemens expects the sale to make a significant positive contribution to profit in the second quarter of fiscal year 2011.

An ongoing arbitration proceeding will decide, among others, on the possibility of an increase or a reduction in Areva’s payment of up to 40 percent. A decision by the arbitral tribunal is expected in the spring of 2011 and could have a material impact on profit.

FilesFukushima-Daiichi parameters 4 April
Reactor-by-reactor, system-by-system summary from JAIF on 4 April

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.