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Dominion Resources to shut 566MW nuclear plant in Wisconsin, US

25 Oct 2012
measurement unit Canberra to private equity firm Astorg Partners for more than €300m.


France-based Astorg had submitted an offer which valued Canberra at between €310m and €350m, reported Reuters citing a report in French daily Les Echos.

The company said the divestment is part of its 'Action 2016' strategic action plan set out by AREVA in December 2011, which calls for sale of assets in a bid to reduce the group debt and finance its strategic and safety investment program.

The company did not give details of the price or timing of the deal, but the paper said an agreement could be reached within four to five weeks.

In December 2011, the nuclear plants maker said it would cut investments and sell assets to prop up its balance sheet as a result of a plunge in demand following the Fukushima nuclear disaster.