EU clears French rescue of troubled nuclear firm Areva

Written by Bobby

The European Commission concluded that France could inject 4.5 billion euros ($4.75 billion) into state-owned nuclear reactor builder ArevaEU anti-trust regulators on Tuesday cleared the French government’s massive restructuring of troubled state-owned nuclear reactor builder Areva. Problem-prone Areva, which is 87-percent owned by the French state, has faced severe difficulties since 2011, when the Fukushima disaster in Japan called nuclear power generation into question across the world. In April, Paris notified the EU Commission of a big restructuring plan to save the national champion that included a massive payout from public coffers.


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