nuclear-news

AREVA in trouble?

Areva May Sue Siemens on Nuclear Deal With Rosatom, Figaro Says

By Francois de Beaupuy

March 4 (Bloomberg) — Areva SA may sue Siemens AG because it agreed to create a venture with Rosatom Corp. to design, build and operate nuclear power plants, Le Figaro said, citing people close to Areva it didn’t name.

Siemens, which decided earlier this year that it would sell its 34 percent stake in a nuclear reactor building venture with Areva, must respect a clause that prevents it from competing with the French company on nuclear issues until 2020, the newspaper said.

Bloomberg.com: Germany

March 5, 2009 - Posted by Christina Macpherson | business and costs, France | AREVA