Areva Has Hired Nomura to Advise It on Urenco, Les Echos Says

Areva SA has hired Nomura Holdings Inc. (8604) to advise it on Urenco Ltd., the uranium enrichment company owned by the U.K., Germany and the Netherlands, French daily Les Echos reported, citing unidentified people.

The U.K. wants to sell its stake in Urenco, Les Echos said. Areva wants to stop the company from falling into the hands of the Chinese or the Koreans, and could be interested in making a bid, Les Echos said. Urenco is valued at about 3 billion euros ($3.8 billion), according to the newspaper.

Areva declined to comment, Les Echos added.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.