BREAKING NEWS

France to launch buy-out bid to delist Areva on Aug. 1

Now Reading:

France to launch buy-out bid to delist Areva on Aug. 1

Text size Aa Aa

PARIS (Reuters) – French stock market regulator AMF said on Friday Franco-German bank Oddo BHF, acting on behalf of the French government, would launch a buyout offer for shares in Areva <AREVA.PA>, with the aim of delisting the nuclear power engineering company from the Paris stock exchange. The buyout will take place from Aug.1 to Aug. 14. The French government, which owns more than 92 percent of Areva’s capital following a restructuring of the former Areva group, said earlier that it would buy up the remaining shares at 4.5 euros per share and then delist the company.

(Reporting by Maya Nikolaeva; Editing by Greg Mahlich)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.