An official €2bn bid has been made for Areva’s nuclear reactor business. The French government will have the final say on what deal, if any, is permitted.

President Francois Hollande has previously advocated a tie-up between the two companies after Areva sank into deeper losses. He is due to meet with French economy minister Emmanuel Macron on June 3 at the Elysee Palace to review strategic priorities for the nuclear industry.
Hollande
The government’s preference is for a deal to go through as it can avoid having to pump millions into Areva to keep it afloat.

It is not known exactly which parts of Areva’s business EDF is interested in and whether it wants all of Areva’s reactor maintenance division, which employs 15,000 people.

In November, Areva suspended all financial forecasts following its third profit warning in four months.