FollowOn Wednesday, analysts said that Areva should consider restructuring options that are radical after abandoning its financial targets as it faced continuing writedowns, losses and delays from the nuclear operations it attended to.
The group owned by the state issued a profit for the third time in fourth months and it said that it is going to review the funding options it has. It has also had its financial targets for 2015-2016 dropped, putting the blame on the delays to Japan’s reactors slow restart, a nuclear market that is lackluster and the Finnish Olkiluoto reactor.
Areva, according to analysts, which is 87% state-owned, is in need of one to two billion euros for worth of capital injection. The company has had three years of suffering due to risks and losses seeing the debt it has downgraded to being junk.
Emmanuel Macron, the French economy minister, stated that the viability of the firm wasn’t under any form of threat.
On Wednesday, he told Reuters that they are under close monitoring of the numbers. However, he also mentioned that no anxiety regarding the industrial activities of Areva exists. He said that their company is there to say and that it is a priority for them.
