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Areva sells FCI 22-09-05

Areva signed an agreement with the private equity firm, Bain Capital, setting forth the legal and financial terms and conditions for the disposal of FCI, Areva`s connector subsidiary. This agreement has received the approval from Areva's Supervisory Board held on September 19. Areva is planning to focus its resources on its core business, energy. The transaction values FCI at an enterprise value of €1.067 billion. FCI designs and manufactures interconnect systems for the automotive, the communication, the data and the consumer markets. FCI's revenues amounted to €1.3 billion in 2004.

 

 

 
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