Nuclear companies EDF and AREVA create a new nuclear company EDVANCE


EDVANCE will be in charge of the basic design and implementation (studies, procurement support, assembly and commissioning) for projects involving nuclear islands and control systems for new reactors being built, both in France and around the world.
EDF will own 80% of the company’s capital, while AREVA NP will own 20%. This new company is set up independently from EDF’s acquisition of the exclusive control over NEW AREVA NP, planned for the end of 2017. http://globenewswire.com/news-release/2017/05/17/987156/0/en/EDF-EDF-Board-of-Directors-approves-the-creation-of-EDVANCE-a-significant-milestone-in-the-reconstruction-of-the-French-nuclear-industry.html
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