Astorg Partners to acquire AREVA subsidiary

AREVA has signed an agreement for the takeover of Canberra, the company’s nuclear measurement subsidiary, by Astorg Partners.

This transaction is said to be part of the so-called Action 2016 strategic action plan set out by AREVA in December 2011, which envisaged the sale of assets to reduce debt and finance its strategic and safety investment program.

The conclusion of this sale will allow the group to exceed the floor target of €1.2bn for assets disposal over the 20122013 period.

The closing of the transaction, which remains subject in particular to regulatory authorizations, is planned before the end of the first semester of 2013.

Canberra, whose headquarters are located in Meriden, Connecticut, USA, employs 1,050 staff worldwide and generated sales of around €250m in 2012.