Areva becomes Framatome

FramatomeThe nuclear products division of the French Areva group has restructured its German subsidiary. On Nov. 1, 2017, it transferred all operations of Areva Germany, based in Erlangen, to New NP. After French energy supplier Électricité de France became the parent company’s major shareholder at the beginning of 2018, the name was changed to Framatome. On Nov. 1, 2016, exactly one year prior to the transfer, a financially weak Areva NP had entered into a binding agreement with EDF to allow the latter to become a major shareholder for EUR 2.5 billion.

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