Offshore Wind Power: Areva to Sell Adwen to Gamesa

Paris - Following a 3-month competitive bidding process aimed at obtaining and assessing offers from potential third-party investors, the Board of Directors of Areva S.A. decided to authorize Areva

This decision allows the Areva Group to maximize the value of its shares in Adwen, to limit and, in the longer term, cap the amount of cash disbursements related to projects already in operation or currently in the installation phase and to strengthen Adwen

Source: IWR Online, 15 Sep 2016