Areva - Reference Document 2016

19

TRANSACTIONS WITH RELATED PARTIES 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 ).

171

2016 AREVA REFERENCE DOCUMENT