Areva

Areva S.A.

Headquarters in Courbevoie, France
Company type	State-owned enterprise
Industry	Nuclear industry
Predecessors	Framatome Cogema Technicatome
Founded	2001; 23 years ago (2001)
Successors	Framatome Orano Technicatome
Headquarters	Courbevoie, Paris , France
Area served	Worldwide
Key people	Philippe Braidy (chairman and chief executive officer)
Products	Nuclear reactors Nuclear fuel Uranium Electric power
Services	Nuclear enrichment Nuclear material transport Nuclear reprocessing
Owner	Government of France
Number of employees	45,340 (2013)
Subsidiaries	Areva NP Areva NC Areva TA Areva Mines Euriware Areva Med
Website	www.areva.com

Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France.^[1] Before its 2016 corporate restructuring, Areva was majority-owned by the French state^[2] through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%).^[3] Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.^[4]

As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses, sold its reactors business subsidiary Areva NP (now Framatome) to EDF and its nuclear propulsion and research reactors subsidiary Areva TA (now Technicatome) to Agence des participations de l'État, and separated its nuclear cycle business into a separate company New Areva (becoming Orano). As a result, Areva S.A. became wholly state-owned by the French government, remaining responsible only for the liabilities related to the Olkiluoto 3 project in Finland and holding a 40% stake in Orano.