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TRANSACTIONS WITH RELATED PARTIES
19
19.3 Relations with government-owned companies
19.3.2.
SALE OF AREVA TA
As part of its refocusing on the nuclear fuel cycle operations, the company
announced on December 17, 2015 and confirmed on January 27, 2016 the plan
to sell AREVA TA, a company specialized in the design, construction, commissioning
and operational readiness of compact nuclear reactors for marine propulsion and
nuclear research facilities.
On December 15, 2016, the company signed a share purchase agreement for
all of its shares in AREVA TA (corresponding to 83.56% of the capital before prior
transactions) to a consortiumof buyers composed of the Agence des participations
de l’État (APE, 50.32% of the share capital), the Commissariat à l’énergie atomique
et aux énergies renouvelables (CEA, 20.32% of the share capital) for a price based
on a maximum valuation of 559 million euros for 100% of the equity. EDF will retain
its 9.03% interest in the capital.
The sale, for which the plan has already been the subject of consultation with
the employee representative bodies and which has been approved by AREVA’s
governance, is scheduled to close in the first quarter of 2017. On the date the sale
closes, the French State will control AREVA TA.
(Explanations on the nature of relations and transactions with public companies
appear in Section 4.
Risk factors
; in Section 20.
Notes to the consolidated financial
statements for the period ended December 31, 2016
, note 1.1.
Highlights of the
year
and note 29.
Transactions with related parties
; in Section 6.
Business overview
;
and in Section 22.
Major contracts
).
2016 AREVA
REFERENCE DOCUMENT
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