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AREVA Completes the Disposal of its Majority Stake in Technoplus Industries - AREVA announces the closing of the sale of its 65.2% share in Technoplus Industries (TPI) to AVA Conseil - AREVA.com
AREVA Completes the Disposal of its Majority Stake in Technoplus Industries

 

PRZOOM - /newswire/ - Paris, Ile de France, France, 2013/08/05 - AREVA announces the closing of the sale of its 65.2% share in Technoplus Industries (TPI) to AVA Conseil - AREVA.com.

   
 
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TPI is specialized in the design and manufacturing of high quality mechanical pieces for the energy and aeronautic industries. Implanted on two sites in the Bouches-du-Rhônes region (France), TPI employs 118 people and generated sales revenue of nearly 16 million euros in 2012.

After a competitive process, the project proposed by AVA Conseil was chosen. AVA Conseil is co-owned by Mr Antoine VEYRAT and Impala, an investment holding company managing more than 800 million euros of assets, mainly in the energy sector.

The backing by AVA Conseil will enable TPI to benefit from new prospects and will guarantee industrial viability and employment.

CNIM remains minority shareholder of TPI with its 34.8% stake.

The disposal of AREVA’s stake in TPI falls within the framework of the asset disposals program part of the “Action 2016” strategic plan, which targeted sales proceeds of 1.2 billion euros over the 2012-2013 period. This objective was reached one year ago with the disposal of La Mancha Resources Inc. The proceeds from the sale of TPI will contribute to the financing of the strategic and safety investment program, as well as to the debt management of AREVA.

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

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.

 
 
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AREVA Completes the Disposal of its Majority Stake in Technoplus Industries

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AREVA | Technoplus Industries
Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
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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.

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