Areva
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.
Headquarters in Courbevoie, France | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Nuclear industry |
| Predecessors | Framatome Cogema Technicatome |
| Founded | 2001 |
| Successors | Framatome Orano Technicatome |
| Headquarters | Courbevoie, Paris , France |
Area served | Worldwide |
Key people | Philippe Braidy (chairman and chief executive officer) |
| Products | Nuclear reactors Nuclear fuel Uranium Electric power |
| Services | Nuclear enrichment Nuclear material transport Nuclear reprocessing |
| Owner | Government of France |
Number of employees | 45,340 (2013) |
| Subsidiaries |
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| Website | www |
As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses, sold its reactors business subsidiary Areva NP (now Framatome) to EDF and its nuclear propulsion and research reactors subsidiary Areva TA (now Technicatome) to Agence des participations de l'État, and separated its nuclear cycle business into a separate company New Areva (becoming Orano). As a result, Areva S.A. became wholly state-owned by the French government, remaining responsible only for the liabilities related to the Olkiluoto 3 project in Finland and holding a 40% stake in Orano.