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Siemens company gets out of nuclear project with AREVA

Siemens exits nuclear joint venture with Areva The Times of India Apr 10, 2011, BERLIN: Germany’s Siemens AG says it has sold its stake in a joint venture to build nuclear power plants with Areva NP for €1.62 billion ($2.3 billion) to the French firm.

Spokesman Constantin Birnstiel said on Sunday that the company had sold its 34 per cent stake on March 18 to Areva SA which also owns the remaining 66 per cent. He added that court proceedings were ongoing and Siemens could not comment further….

April 11, 2011 - Posted by Christina Macpherson | business and costs, Germany

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