25 January 2024
Assystem S.A. announced today that it has sold its 5% stake in Framatome to EDF S.A. for €205 million.
Assystem originally acquired 5% of Framatome's share capital in December 2017, demonstrating its support of the French nuclear industry alongside the industry’s leader EDF, in connection with the reconfiguration of France’s nuclear players. This reconfiguration has now been completed.
This sale of its stake in Framatome strengthens the independence of the Assystem Group, which is heavily involved in the development of civil nuclear projects using a variety of technologies in many countries. Assystem continues to partner its French customers, particularly EDF, for the development of future programmes and for the performance of existing nuclear power plants in France.
For Assystem, our acquisition of a stake in Framatome was proof of our commitment to the French nuclear industry. This commitment remains total, because it is built on more than 55 years of working closely with all the strategic players in the French nuclear industry, and on Assystem's engagement in France's ambitious programme to develop low-carbon energy that will serve future generations.
After supporting Framatome for six years as a shareholder with a 5% stake, Assystem has decided to pursue its commitment to the nuclear industry without having a direct stake in Framatome. On this occasion, the EDF Group is simplifying Framatome's capital by purchasing the shares held by Assystem. This move is consistent with the EDF Group's commitment to ramping up the nuclear industry. EDF looks forward to continuing its long-term partnership with Assystem.