PARIS, January 23 Xinhua According to the French" Les Echos" The latest report, the German industrial giant Siemens AG has decided to end with the French nuclear industry giant Areva Group partnership to sell their holdings of a nuclear reactor manufacturer AREVA subsidiaryall the company's shares.
reported that Siemens currently holds a subsidiary of Areva NP Areva's 34% stake in the current market value of around 2 billion euros.Siemens, as nuclear energy as an important strategic area that the 34% stake in the company can not guarantee that your have enough say in decision-making, it has been asking for years by shares, have been repeatedly rejected the French side finally selected divestment.Siemens has notified the relevant authorities of its decision, in accordance with normal procedures in 2012 after Siemens and Areva's partnership will be formally ended.


according to Siemens and Areva year agreement between Siemens and theAreva if the interruption of cooperation, the former shall not be in the following eight years, the development of business in the field of nuclear energy." Les Echos" and reported that German Chancellor Angela Merkel a few days ago for this purpose by calling French President Nicolas Sarkozy, asked the French side of the Siemens investing in the future nuclear power projects," lifting of the ban."


The report also said the cooperation between Siemens and Areva has been consideredis the Franco-German model of industrial cooperation, one of the Franco-German cooperation in recent years, another important project of Airbus discord within the group constant cooperation between Siemens and Areva is a failure of will no doubt be another Franco-German cooperation to combat.At present France's Total SA and Alstom has expressed interest in taking over Siemens, Areva NP to be the transfer of shares of the Company.


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