nuclear-news

AREVA struggles to cope with freeze on nuclear investment

Investors demand clear Areva strategy from new CEO– By Marie Maitre The replacement of Areva’s charismatic head by a top executive little known outside the company ends a drawn-out battle for the group’s top job but offers no clues on how Areva plans to overcome project delays after the Fukushima disaster. PARIS, June 17 (Reuters) – Investors called for clarity on Areva’s strategy for dealing with a global nuclear investment freeze on Friday after a power struggle at the French nuclear power plant maker led to the dismissal of its long-serving boss.

Areva’s thinly traded shares were down 2.2 percent at 25.81 euros by 0950 GMT, lagging France’s CAC-40 .FCHI blue chip index, which was up 0.1 percent….http://www.reuters.com/article/2011/06/17/areva-ceo-idUSLDE75G0K820110617

June 18, 2011 - Posted by Christina Macpherson | France