AREVA sells its minority stake in ERA

Press release

December 06, 2005

AREVA today sold its minority stake (7.76%) in the Australian company Energy Resources of Australia Ltd (ERA), which operates the Ranger uranium mine.

For the group, the stake was a strictly financial matter, acquired over the years through a succession of takeovers in the uranium business. It offered no access to the material, and was therefore not of strategic importance.

AREVA sold its 14.804 million shares at a price of $Aus 9.5 a share, for a gross worth of $Aus 140.6m. The revenue from this sale will be used to finance AREVA's future investments in the mining sector.

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Charles Hufnagel
Patrick Germain
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Vincent Benoit
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Frédéric Potelle
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