Free press releases distribution network?

More news: Energy
Agency / Source: AREVA

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



AREVA and Astorg Partners have Signed an Agreement for the Sale of Canberra - AREVA and the French private equity manager Astorg Partners signed an agreement for the takeover of Canberra, AREVA’s nuclear measurement subsidiary, by Astorg Partners - Astorg-Partners.com / AREVA.com
AREVA and Astorg Partners have Signed an Agreement for the Sale of Canberra

 

PRZOOM - /newswire/ - Paris, France, 2013/04/03 - AREVA and the French private equity manager Astorg Partners signed an agreement for the takeover of Canberra, AREVA’s nuclear measurement subsidiary, by Astorg Partners - Astorg-Partners.com / AREVA.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This agreement follows the announcement of October 22, 2012 that exclusive negotiations had started with Astorg Partners for this transaction.

The closing of the transaction, which remains subject in particular to regulatory authorizations, is planned before the end of the first semester of 2013.

This transaction is part of the "Action 2016" strategic action plan set out by AREVA in December 2011, which envisaged the sale of assets with a view to contribute to reduce the indebtedness of the group and finance its strategic and safety investment program. The conclusion of this sale will allow the group to greatly exceed the floor target of 1.2 billion euros for assets disposal over the 2012-2013 period. According to the terms of the agreement, Astorg Partners will foster continuity of social policies and practices as well as employment safekeeping.

Canberra, whose headquarters are located in Meriden, Connecticut, USA, is a leader in the nuclear measurement sector. The company generated sales of around 250 millions euros in 2012 and employs 1,050 persons worldwide (including around one fourth in France).

Joël Lacourte, Managing Partner of Astorg Partners, stated: “We are very pleased to have been chosen by AREVA to drive a new phase in Canberra’s development. Following ten years of organic and external growth, the Canberra group has become one of the world leaders in nuclear radiation measurement instruments. Astorg will enthusiastically seek to continue this impressive path, alongside Camberra’s partnering management team and employees, and will endeavour to maintain the privileged relationship with French players of the nuclear power industry.”

Luc Oursel, AREVA’s Chief Executive Officer, stated: “AREVA is confident on Canberra’s capacity, with the support of its new shareholder, to carry on its development with a sustainable industrial and social project.”

About ASTORG Partners
Astorg (astorg-partners.com) is an independent private equity fund management company, specializing in European mid-market buyouts with total funds under management of over €2 billion. Astorg seeks to partner with successful and entrepreneurial management teams, to acquire businesses - very often family-owned - with attractive growth prospects, which Astorg supports through the provision of experienced governance and adequate capital. Astorg enjoys a distinct entrepreneurial culture, a lean and local decision-making body enhancing its reactivity, and has a commitment to its partnering management teams. Although a multi-sector investor, Astorg has developed solid industry expertise in healthcare, business-to-business professional services and niche industrial companies selling differentiated products (often high technology driven).

Contacts
AREVA Press Office: Julien Duperray / Vincent Kempkes / Jérôme Rosso / Alexandre Thébault / Katherine Berezowskyj

AREVA Investors Relations:
Marie de Scorbiac
T: +33 1 34 96 05 97 - E: marie.descorbiac[.]areva.com.

Philippine Du Repaire
T: +33 1 34 96 11 51 - E: philippine.durepaire[.]areva.com.

Joël Lacourte, ASTORG Partners
T : + 33 (0)1 53 05 40 33 - E: jlacourte[.]astorg-partners.com.

Robert Amady, Publicis Consultants
T : +33 (0)1 44 82 46 31 - E: robert.amady[.]consultants.publicis.fr.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: AREVA

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


AREVA and Astorg Partners have Signed an Agreement for the Sale of Canberra

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
AREVA | ASTORG Partners
Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AREVA securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From AREVA / Company Profile


Read Energy Most Recent Related Press Releases:

ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today