After seven years of partnership, nuclear engineering specialist Assystem has sold its 5% stake in Framatome, which it acquired in 2017 for €205 million.
The stake has been acquired by Assystem’s parent company, EDF, which now holds 80.5% of Framatome’s capital, with the remaining 19.5% held by Japanese firm Mitsubishi Heavy Industries (MHI).
MHI also entered the picture in 2017 as part of the finalization of the acquisition of Areva Nuclear Power.
This sale comes amidst a restructuring of EDF’s nuclear activities that has been underway since the summer and is expected to materialize from April onwards.
The strategic plan outlined by EDF’s new CEO, Luc Rémont, includes the establishment of a “nuclear industry” division, to be overseen by Framatome’s current CEO, Bernard Fontana, as reported by the media L’Informé.
EDF’s subsidiary anticipates achieving a consolidated turnover of around €570 million in 2023.
https://www.assystem.com/wp-content/uploads/2024/01/ASSYSTEM-PR-24.01.2024.pdf
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