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AREVA sells its 20% stake in Sofradir

(PresseBox) (Paris, ) AREVA announced today the sale of its 20% stake in the company Sofradir.

Thales and Safran groups, who hold 40% stakes in Sofradir, both acquire an additional 10%, bringing their stakeholdings in the company to 50% each.

Sofradir develops and manufactures infrared detectors for military, civil and space applications. The company employs 550 people, mostly at its Veurey-Voroise site near Grenoble, and achieves a turnover of around 150 million euros.

This disposal of a minority stake that is non-strategic for AREVA contributes to the group's financing plan as announced in the Strategic Action Plan "Action 2016".

About AREVA GmbH

AREVA supplies solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement.

Ranked first in the global nuclear power industry, AREVA's unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and related services. The group is also expanding in renewable energies - wind, solar, bioenergies, hydrogen and storage - to be one of the top three in this sector worldwide in 2012.

With these two major offers, AREVA's 48,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.

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