PARIS -- A trio of French and Japanese companies will acquire the mainstay reactor-construction business of struggling French nuclear group Areva, while its nuclear fuel unit turns to Asia to stabilize shaky profits.
Areva suffered net losses for six straight years through 2016, stemming mainly from delays on a power plant project in Finland. As part of a government bailout plan, the group is breaking up into New NP, the reactor-construction business; New Areva Holding, which handles fuel-related operations; and Areva SA, which will hold on to the money-losing Finnish project.
