Bloomberg reported Areva SA (EPA:AREVA) is about to begin talks to sell its radiation-measurement unit Canberra to Astorg Partners SAS for more than 300 million euros.
As quoted in the market news:
The French buyout fund beat Mirion Technologies Inc. (MION), owned by American Capital Ltd., with an offer that was a few million euros higher, one of the people said, declining to be identified because the talks are not public yet. Antitrust issues may also have made a sale to Mirion more difficult, the person said.
Astorg, based in Paris, may commit to not fire workers at Canberra’s French operations for two years, the person said.