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France’s government helps settle the debts of bankrupt nuclear company AREVA (which is now resuscitated as ORANO)

 

French state helps Areva settle Finnish EPR liabilities. To settle a new additional cost of 600 million euros, the State will buy back from the company, for 994.1 million euros, part of the shares it holds in the capital of Orano, the group responsible for managing the fuel cycle.

 Le Monde 8th July 2021

https://www.lemonde.fr/economie/article/2021/07/08/nucleaire-l-etat-francais-aide-areva-a-solder-le-passif-de-l-epr-finlandais_6087579_3234.html

July 10, 2021 - Posted by | business and costs, France, politics

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