12/6/2005
Press release
AREVA today sold its minority stake (7.76%) in the Australian company Energy Resources of Australia Ltd (ERA), which operates the Ranger uranium mine.
For the group, the stake was a strictly financial matter, acquired over the years through a succession of takeovers in the uranium business. It offered no access to the material, and was therefore not of strategic importance.
AREVA sold its 14.804 million shares at a price of $Aus 9.5 a share, for a gross worth of $Aus 140.6m. The revenue from this sale will be used to finance AREVA's future investments in the mining sector.
Press Office
Charles Hufnagel
Patrick Germain
T: 33 1 44 83 71 17
F: 33 1 44 83 25 52
press@areva.com
Investors Relations
Vincent Benoit
T: 33 1 44 83 71 79
vincent.benoit@areva.com
Frédéric Potelle
T: 33 1 44 83 72 49
frederic.potelle@areva.com
For the group, the stake was a strictly financial matter, acquired over the years through a succession of takeovers in the uranium business. It offered no access to the material, and was therefore not of strategic importance.
AREVA sold its 14.804 million shares at a price of $Aus 9.5 a share, for a gross worth of $Aus 140.6m. The revenue from this sale will be used to finance AREVA's future investments in the mining sector.
Press Office
Charles Hufnagel
Patrick Germain
T: 33 1 44 83 71 17
F: 33 1 44 83 25 52
press@areva.com
Investors Relations
Vincent Benoit
T: 33 1 44 83 71 79
vincent.benoit@areva.com
Frédéric Potelle
T: 33 1 44 83 72 49
frederic.potelle@areva.com