SIEMENS’ share in AREVA NP valued at 1,620 million euros
GROUP / FINANCE
March 15, 2011
On January 27, 2009, SIEMENS announced its decision to exercise its option to sell its 34% share in AREVA NP to AREVA.
The two companies mandated an independent expert to put a value on SIEMENS’ minority shareholding, in line with the procedure drawn up under the shareholders’ agreement signed by AREVA and SIEMENS on January 30, 2001.
The valuation is designed to represent the fair market value of the shares held by SIEMENS as of the first quarter of 2009.
In his report, the independent expert puts the value of SIEMENS’ 34% share in AREVA NP as of the first quarter of 2009 at €1,620 millions.