AREVA logo

Capital structure

decorative

AREVA shareholding structure is particularly stable. The French State controls directly or indirectly 86,52% of AREVA's capital. The main shareholder is a public organization, the CEA (Commissariat à l'Energie Atomique et aux énergies alternatives). The Bpifrance Participations SA (Banque Publique d'Investissement) represents also a public shareholder of the company.

Shareholder structure December 31, 2015

*   KIA (Kuwait Investment Authority).
** Bpifrance Participations SA (Banque Publique d'Investissement).

 

The current shareholder structure is a derivation of the original structure and dates from AREVA’s foundation on September 3, 2001 and successive market transactions.

  • At AREVA's foundation, numerous shareholders (Total, EDF...) exchanged a number of minority holdings primarily in COGEMA and Framatome SA for shares in the new AREVA group.
  • The holdings of the original shareholder, the CEA (Commissariat à l'Energie Atomique et aux énergies alternatives) is still at a majority stake that is for now at 54%.
  • In December 2010, the sovereign fund of Koweit (Kuwait  Investment Authority) has entered the capital of AREVA at a 5% level, followed by the French State which reinforced his direct stake.
  • The capital increase reserved to investment certificates holders (only listed investment tool at this time) at the beginning of 2011 allowed to keep the float (part of the capital held by the general public) at 4% of the capital.
  • The exchange in 2011 of all AREVA's shares into ordinary shares had considerably simplified the structure of AREVA's capital.
  • Since May 30, 2011 AREVA’s entire capital has been listed in the form of ordinary shares.

Change in shareholding December 31, 2015

Shareholder


% of capital and theoretical voting rights (3)

January
8, 2015

December
31, 2014

December
31, 2013

December
31, 2012

CEA

54.37

54.37(4)

61.52(4)

68.88(4)

French State

28.83

28.83(4)

21.68(4)

14.33(4)

Kuwait Investment Authority (KIA)

4.82

4.82

4.82

4.82

Bpifrance Participations SA

3.32

3.32

3.32

3.32

EDF Group

2.24

2.24

2.24

2.24

Framépargne (employees)

0.00(1)

0.22

0.23

0.23

Total Group

0.95

0.95

0.95

0.95

Public

4.00

4.02

4.11

4.04

Members of Supervisory Board

/

ns(2)

ns(2)

ns(2)

Employees

1.23

1.01

0.94

 -

AREVA

0.24

0.22

0.2(5)

1.2

Total

100.00%

100.00%

100.00%

100.00%

(1) The Framépargne fund merged with FCPE AREVA France actions salariés on August 6, 2015.

(2) Each member of the Supervisory Board appointed by the AGM (other than CEA) held 10 shares.

(3) Theoretical voting rights are calculated based on the total number of shares to which a voting right is attached, including shares without voting rights (treasury shares and shares under the company’s control).

(4) following the sale of 15,910,409 shares by CEA to the French State, i.e. 4.15% of AREVA's capital, on December 7th, 2012, and of 28 179 453 shares by the CEA to the French State, i.e. 7.35% of AREVA's capital, on September 19th, 2013.

(5) Following the Employee shareholding program, AREVA disposed of a part of its treasury shares to its employees on June 24, 2013.

Live stock market price tracking

Paris 01/20/2017 at 10:57

4,60 euros -0,41 %

2015 Reference document