Capital structure

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AREVA shareholding structure is particularly stable. The French State controls directly or indirectly 86,52% of AREVA's capital. The main shareholder is a public organization, the CEA (Commissariat à l'Energie Atomique et aux énergies alternatives). The Bpifrance Participations SA (Banque Publique d'Investissement) represents also a public shareholder of the company.
SHAREHOLDER STRUCTURE JULY 12, 2017
SHAREHOLDER STRUCTURE JULY 12, 2017
Shareholder

number of shares

% of share capital

Theoretical % of voting rights (1),(2)

French State

 554,931,780 

 67.05%

56.31%

CEA

208,349,383

25.17%

35.37%

Total French State

763,281,163

92.22%

91.69%

Kuwait Investment Authority (KIA)

18,461,538

2.23%

3.13%

Bpifrance Participations SA

12,712,910

1.54%

1.08%

EDF

8,571,120

1.04%

1.46%

Total Group

3,640,200

0.44%

0.53%

AREVA’s Employees

4,520,517

0.55%

0.70%

Public

15,498,374

1.87%

1.32%

Treasury shares (3)

963,474

0.12%

0.08%

Total

827,649,296

 100%

100%

(1) Theoretical voting rights are calculated based on the total number of shares to which a voting right is attached, including shares without voting rights (treasury shares and shares under the Company’s control).

(2) Since April 3, 2016, a double voting right is attached to all fully paid-up shares registered in the name of a single holder for at least two years as from April 3, 2014.

(3) The company rescinded the liquidity contract with Natixis on July 12, 2017. The 222,984 shares which had been held in connection with that contract at July 12, 2017 were thus transferred to the company’s treasury shares account.

Shareholder structure December 31, 2016
Shareholder structure December 31, 2016

*   KIA (Kuwait Investment Authority).
** Bpifrance Participations SA (Banque Publique d'Investissement).

 

The current shareholder structure is a derivation of the original structure and dates from AREVA’s foundation on September 3, 2001 and successive market transactions.

  • At AREVA's foundation, numerous shareholders (Total, EDF...) exchanged a number of minority holdings primarily in COGEMA and Framatome SA for shares in the new AREVA group.
  • The holdings of the original shareholder, the CEA (Commissariat à l'Energie Atomique et aux énergies alternatives) is still at a majority stake that is for now at 54%.
  • In December 2010, the sovereign fund of Koweit (Kuwait  Investment Authority) has entered the capital of AREVA at a 5% level, followed by the French State which reinforced his direct stake.
  • The capital increase reserved to investment certificates holders (only listed investment tool at this time) at the beginning of 2011 allowed to keep the float (part of the capital held by the general public) at 4% of the capital.
  • The exchange in 2011 of all AREVA's shares into ordinary shares had considerably simplified the structure of AREVA's capital.
  • Since May 30, 2011 AREVA’s entire capital has been listed in the form of ordinary shares.