Areva, the world's market pioneer in the civilian nuclear power, was positioned to take advantage of the resurgence of nuclear power.
Nevertheless, three issues clouded the favorable outlook: (1) 1.7 billion euro loss on the building of the first next generation nuclear reactor in Finland, (2) the decision of German firm Siemens to pull out of its partnership in Areva NP and exercise its 2.1 billion euro put option, and (3) the planned investment budget shortfall of 3 billion euros in 2008. How can Areva best create cash to fund its investments for 2008 and beyond?
PUBLICATION DATE: May 13, 2009 PRODUCT #: 109092-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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