Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, June 15, 2016

AREVA's NEW CO To Focus On Nuclear Fuel Cycle

AREVA's NEW CO To Focus On Nuclear Fuel Cycle

French nuclear group AREVA on Wednesday announced its five-year restructuring plan that pivots on a creation of new subsidiary, NEW CO, that will focus on cash-flow-generating nuclear fuel cycle businesses.

Highlights of the 2016-2020 road map include creation of a separate entity called NEW CO through partial contribution of AREVA SA assets. There will be a strategic refocus on nuclear fuel cycle businesses that includes a planned withdrawal from plant operations and the sale of some assets. Read more or comment

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