Areva holders OK split-off of some assets under bonds due 2017-2024

By Susanna Moon

Chicago, Sept. 20 – Areva SA said bondholders approved the transfer of some assets to a new company, or NewCo.

The company held a meeting on Monday for holders of its listed bonds maturing from 2017 to 2024, according to a company notice.

The holders approved all of the measures proposed at the meeting, specifically for the splitting off of the company’s nuclear fuel cycle operations and the simultaneous transfer of the bond debt.

The request for consent of the holders of the 2018 bonds denominated in yen “is the subject of a bilateral process,” according to the release.

“The group continues to implement its strategic roadmap by carrying out the necessary stages to hold” the company’s shareholder meeting on Nov. 3, the company said.

Areva is a Courbevoie, France-based company that offers technological solutions for nuclear power generation.

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