Areva Begins Selling Nuclear Radiation Measurement

Bloomberg reported Areva SA (EPA:AREVA) said it plans to sell its nuclear radiation measurement unit to Canberra.

As quoted in the market news:

The state-controlled company based in Paris sent financial information to potential bidders for the asset, which may fetch as much as 400 million euros ($526 million), said the people, who declined to be identified as the talks are private. Canberra posted earnings before interest, taxes, depreciation and amortization of about 30 million euros, they said.

Click here to read the full Bloomberg report.