The acquisition price should be €920 million: the value of the company, which was calculated in September 2003 at €950 million when the agreement to buy was made, should be adjusted for the closing agreement with an estimated reduction in price of €30 million. This adjustment should be finalized in May 2004, following an audit to be carried out by AREVA with the right to reply. The entire transaction will be financed using the Group's equity.
Through the integration of T&D, AREVA is strengthening its strategic position in the energy sector and expanding its range of services. T&D supplies products, systems and services for the high and medium-voltage electricity markets. They are used to transmit and distribute electricity from the generator to the end user. They also ensure the reliability, quality, and safety of energy flows and operate efficient networks through information management.
Transmission and Distribution is from this date on the fourth Energy Division of the AREVA Group.
