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Areva Faces Asset Writedown as It Cuts Nuclear New-Build Outlook
Jul. 28, 2011 07:20AM PST
Energy InvestingBloomberg.com reports Areva SA (EPA:AREVA) re-evaluates costs involved in new installations and development of new nuclear plant projects.
Bloomberg.com reports Areva SA (EPA:AREVA) re-evaluates costs involved in new installations and development of new nuclear plant projects.
The market news is quoted as saying:
Costs tied to new installations and development also will be evaluated as Areva prepares forecasts, Chief Executive Officer Luc Oursel said today on a conference call. He didn’t provide guidelines on the size of possible writedowns. The company prepares forecasts by the end of the year.
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