Areva Names COO Knoche Interim Chairman and CEO
French state-controlled nuclear group Areva said on Wednesday its Chief Operating Officer Philippe Knoche would hold the chairman and chief executive powers of the group until its next general assembly. Areva, which held its last annual shareholders' meeting in May this year…
Areva: Bigger Still Better as Political Shake-Up Looms
Areva chief executive Luc Oursel, his job at risk from an imminent government overhaul, still believes the French nuclear group can win new contracts with its out-of-favour mega-reactor model in India and China. The state-owned firm…
France Expected to Win Few Big Nuclear Deals
Areva, France's struggling reactor builder, is unlikely to win much in the way of big new nuclear export contracts despite a major government-backed effort to woo customers at a trade show this week. The Oct. 14-16 World Nuclear Exhibition (WNE)…
Areva Selling Assets, CEO Under Scrutiny
French state-controlled nuclear group Areva will further cut back its investment budget and sell more assets to shore up its balance sheet, and the position of Chief Executive Luc Oursel is under threat, French daily Les Echos said on its website on Monday.
French Nuclear Group Areva Cuts Forecasts
Shares of French nuclear group Areva dropped 12 percent after the firm posted a first-half loss and cut its earnings targets as its struggling utilities customers reduced costs and the nuclear sector remains in the doldrums. Areva also terminated its concentrated solar power activity…
Siemens Asks Alstom For More Info
Germany's Siemens wrote to Alstom on Tuesday asking for more information ahead of a likely offer for the French company's power business, French Economy Minister Arnaud Montebourg said. Alstom is already in talks with U.S. conglomerate…
Areva: Nuclear Reactor sales Target Slips 1-2 years
Areva's chief executive softened his forecast that the French state-controlled nuclear group would sell 10 reactors by 2016, saying it would be no problem if that deadline slips by a year or two. CEO Luc Oursel told reporters after…
Areva Confirms to Change Management Structure
State-owned French nuclear power engineering group Areva confirmed on Tuesday that it would change its governance structure after pressure from its main shareholders, the state and the French Atomic Energy Commission. The move creates a single board of directors…
Areva Says in Talks With EDF on Fuel Supply Guarantees
French power utility EDF is in talks with Areva about a deal to source at least 40 percent of its uranium fuel from the state-owned nuclear group, chief executive Luc Oursel said on Tuesday. In a hearing about nuclear costs at the French parliament…
Areva Studying Deal for Alstom Wind
French nuclear group Areva could be interested in a deal for Alstom's wind turbines unit, its CEO said on Tuesday, while adding Areva was not directly involved in talks over the possible sale of Alstom's energy business. "Concerning the wind activities…
Niger Could Sign Deal With Areva soon
The government of Niger, the world's fourth largest uranium producer, is on the verge of renewing an agreement with French state-controlled nuclear group Areva, the West African nation's mines minister said on Sunday. Niger, one of the world's poorest nations…
