Areva Changes Finances

Dec. 13, 2011 03:38PM PST

Reuters reported Areva (EPA:AREVA) will sell assets and cut investments to restore its budget after a plunge in demand for uranium.

As quoted in the market news:

Laying out a new five-year plan on Tuesday, the company’s Chief Executive Luc Oursel said the group aimed to cut costs by at least 1 billion euros by 2015, sell more than 1.2 billion euros of assets in the next two years and limit investments by roughly a third to 7.7 billion euros until 2016.

Click here to read the full Reuters report.