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02/26/14 - $3.02
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areva cip-unsponsored adr (ARVCY) Details

Areva S.A. provides technical solutions with less carbon for power generation worldwide. It operates through five segments: Mining, Front End, Reactors & Services, Back End, and Renewable Energies. The company is engaged in the exploration, extraction, and processing of uranium ore; and the reclamation of sites. It also holds a portfolio of mines in operation in Canada, Kazakhstan, and Niger, as well as projects under development in Africa. In addition, the company is involved in the conversion and enrichment of uranium, as well as in the design and production of fuel for nuclear reactors. Further, it designs and constructs nuclear reactor systems, including pressurized water reactor and boiling water reactors, as well as reactors for naval propulsion and research; and offers products and services for the maintenance, modernization, and control of nuclear reactors. Additionally, the company provides end-of-cycle management solutions for used fuel, which include recycling, logistics, clean-up, and site rehabilitation; and is engaged in developing CO2 free energy production solutions based on wind energy, bio energy, solar power, and hydrogen power, as well as energy storage. It has a strategic partnership agreement with Schneider Electric to develop energy storage and energy management solutions based on hydrogen production and fuel cells. Areva S.A. is headquartered in Courbevoie, France.

45,340 Employees
Last Reported Date: 03/10/14

areva cip-unsponsored adr (ARVCY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: €417.1K
Compensation as of Fiscal Year 2013.

areva cip-unsponsored adr (ARVCY) Key Developments

Areva S.A. Announces Management Appointments; Approves Corresponding Articles of Association

Areva S.A. announced that at its EGM held on January 8, 2015, shareholders approved the election of Bernard Bigot, Sophie Boissard, Claude Imauven, Christian Masset, Denis Morin, Pascale Sourisse and Philippe Varin a directors of the company. In addition, in its first meeting following the general shareholders meeting, the board of directors: appointed Philippe Varin as chairman of the board of directors, Philippe Knoche as chief executive officer. Decided to establish four committees to support the board of directors: the strategy and investments committee, chaired by Philippe Varin, the audit and ethics committee, chaired by Sophie Boissard, the nominating and compensation committee, chaired by Claude Imauven and the end-of-lifecycle obligations monitoring committee, chaired by Pascale Sourisse. The company's shareholders also approved the corresponding articles of association.

Areva to Supply Wind Turbines for Iberdrola Wikinger Project in Baltic Sea

Iberdrola, has signed a renewable energy contract valued at approximately EUR 620 million, with Areva, for the supply of wind turbines to its Wikinger offshore project in the Baltic Sea. The French company will supply 70 M5000-135 5MW wind turbines, worth EUR 550 million. For the first time, Iberdrola will be installing 5-MW turbines in a wind facility. Under the terms of the contract, Areva will also provide maintenance services, valued at EUR 70 million, for a 5-year period which may be extended for another five years. Areva will deliver this contract within the framework of a joint venture recently agreed with Gamesa to combine both group's offshore businesses and strengthen their competitiveness in the offshore industry. The 350-MW Wikinger project, currently being developed in the Baltic Sea, will become the Company's first offshore wind farm in Germany and its second such facility after this year's commissioning of West of Duddon Sands in the Irish sea. Manufacturing will take place at Areva's production sites of Bremerhaven and Stade, in the North of Germany, and the turbines are scheduled to be installed as early as 2017 on jacket foundations from the port of Sassnitz. The Wikinger site covers an area of roughly 34 km2 with water depth ranging between 37 and 43 meters.

AREVA Wins €75 Million Contract for the Angra 3 Project

AREVA has signed with the Brazilian utility Eletrobrás Eletronuclear (ETN) a contract for approximately €75 million to supply additional mechanical and electrical equipment to the Angra 3 nuclear power plant. The scope includes, in particular, diesel engines, electrical appliances and controls, as well as equipment for used fuel storage.


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