PARIS May 11 French engineering services group
Assystem has made an offer for a 5 percent stake in the
new Areva NP reactor unit being formed from the broader
restructuring of Areva.
Assystem said it had made the offer to Areva and state-owned
French utility EDF, adding it would invest around 125
million euros ($135.8 million) in the 'New Areva NP' company.
Areva is in the process of selling Areva NP - which designs,
makes and services nuclear reactors - to EDF as part of
a government-led restructuring and recapitalisation after its
equity was wiped out by years of losses. The deal is set to be
finalised in the second half of this year.
Assystem said it had also agreed to sell 60 percent of its
research and development (R&D) outsourcing division Global
Product Solutions (GPS) to private equity firm Ardian, with
parts of the proceeds used to finance a share buyback.
($1 = 0.9205 euros)
(Reporting by Sudip Kar-Gupta; Editing by Biju Dwarakanath)