Related Links

News

AREVA sells Transmission and Distribution to Alstom and Schneider Electric

The AREVA group is selling its Transmission and Distribution business to Alstom and Schneider Electric for €4.09 billion following the decision to sell the unit last summer.

Under the sales agreement, Alstom and Schneider Electric have to agree to a commitment to maintaining all European sites for a 3-year period, and guarantees for the workforce in the Distribution and Transmission unit.

Closing of the sale will take place once the antitrust authorities have given their approval and after a decree has been published following the recommendation of the French Commission des Participations et des Transferts, AREVA says.

Share this article

More services

 

This article is featured in:
Energy infrastructure

 

Comment on this article

You must be registered and logged in to leave a comment about this article.