Canberra Sale Called Off

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Quoting an anonymous source, Reuters reported in October 2012 that the Astorg was offering approximately €310–€350 million ($397–$449 million) for Canberra.

Paris, France 6/28/13—AREVA has announced that Astorg Partners will not acquire Canberra, its nuclear measurement business, as announced in April (see IBO 4/30/13). AREVA stated that Astorg Partners is unable to purchase Canberra due to a lack of suitable financing. AREVA is maintaining its Action 2016 plan to dispose €1.2 billion ($1.5 billion = €0.78 = $1) in assets this fiscal year.

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