Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Areva Says in Talks to Sell Stake in Eramet to French Fund

Dec. 27 (Bloomberg) -- Areva SA, the world’s biggest supplier of nuclear fuel and services, is in exclusive talks to sell its stake in mining company Eramet SA to Fonds Strategique d’Investissement, France’s sovereign investment fund.

The Paris-based company, which owns a 26 percent stake in Eramet, didn’t provide other details in its statement today. Eramet has a market value of 2.52 billion euros ($3.3 billion).

Areva said on Dec. 13 it will cut jobs, freeze wages and put several investments on hold in the U.S. and Africa to adapt to slower growth in demand following the reactor accident in Japan in March. Chief Executive Officer Luc Oursel, who took over from Anne Lauvergeon in June, is streamlining the company, which has invested about 10 billion euros in the last five years to prepare for a boom in nuclear demand.

The CEO plans to sell at least 1.2 billion euros of financial, mining and other assets by the end of 2013 to shore up Areva’s finances as Standard and Poor’s threatens to cut the company’s BBB+ credit rating.

Oursel said in October that it was up to the French government, Areva’s main shareholder, to decide whether and to whom Areva might sell its stake in Paris-based Eramet. He called the holding “mainly a financial asset.”

To contact the reporter on this story: Stephen Taylor in Paris at

To contact the editor responsible for this story: Stephen Taylor at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.