⚛MHI Completes Investment in Orano (formerly “New AREVA Holding”)
— Move to Strengthen Ties between Japanese and French Nuclear Energy Industries —
･ 5 percent equity stake in Orano acquired based on formal agreement signed in March 2017
･ Technological and business cooperation ties to be enhanced, strengthening global value chain for nuclear energy
Tokyo, February 27, 2018 – Mitsubishi Heavy Industries, Ltd. (MHI) has completed investment into Orano, a newly formed company created as part of the reorganization of the AREVA Group. Orano primarily focuses on the fuel cycle business, including uranium mining, enrichment and conversion and reprocessing of spent fuel. Previously referred to as “New AREVA Holding”, Orano possesses advanced technological and marketing strengths within the global nuclear energy industry, and the new company is expected to achieve solid growth going forward. MHI has acquired a 5 percent equity stake in Orano with a total investment outlay of approximately 250 million euros. With the completion of this investment, MHI will now pursue deeper, more expansive human and technological exchange with Orano.
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