 | |
 Headquarters in Courbevoie, France | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Nuclear industry |
| Predecessors | Framatome Cogema TechnicAtome |
| Founded | 2001 |
| Defunct | 2018 |
| Successors | Framatome Orano TechnicAtome |
| Headquarters | Courbevoie, Paris , France |
Area served | Worldwide |
Key people | Philippe Braidy (chairman and chief executive officer) |
| Products | Nuclear reactors Nuclear fuel Uranium Electric power |
| Services | Nuclear enrichment Nuclear material transport Nuclear reprocessing |
| Owner | Government of France |
Number of employees | 45,340 (2013) |
| Subsidiaries |
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| Website | www |
Areva S.A. was a French multinational group specializing in nuclear power, active between 2001 and 2018. It was headquartered in Courbevoie, France.[1] Before its 2016 corporate restructuring, Areva was majority-owned by the French state[2] through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%).[3] Électricité de France, in which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.[4]
As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses and sold its reactors business subsidiary Areva NP (which has now reverted back to its original Framatome name) to EDF. Its nuclear propulsion and research reactors subsidiary Areva TA (now TechnicAtome) was sold to the Agence des participations de l'État and it reogarnized its nuclear cycle business into a separate company New Areva (becoming Orano). A new holding, Areva S.A., was also created to act as a hive-off vehicle for Areva's ongoing “at-risk” activities, including the completion and delivery of the Olkiluoto 3 in Finland, execution of Areva's remaining renewable energy projects, and finalization of the sale of Areva NP to EDF.
In 2017, the sale of Areva TA was finalized and in January 2018, so was that of Areva NP, while New Areva was rebranded Orano; these developments marked the end of the Areva group.
- ^ "Legal Notice". Areva. Retrieved 21 June 2010.
- ^ Carol Matlack, Areva is costing France plenty, Bloomberg Businessweek, 17 April 2015.
- ^ "Les participations publiques" (in French). Agence des participations de l'État. 30 April 2015. Retrieved 21 February 2016.
- ^ "2014 Reference document" (PDF). Areva. 30 March 2015. Retrieved 21 February 2016.