Finance
According to La Tribune 11.12.2011 Areva’s losses will be more than €1 billion in 2011. The stock exchange of the share was interrupted on Monday 12.12.2011. The write-down value of assets was expected to be between one to two billion euros in 2011. Nuclear investments are facing problems in 2011, since the governments including Switzerland, Italy and Germany have turned their back on nuclear generation after the Fukushima plant was hit by the earthquake and Tsunami. On 12.12.2011 Areva gave a warning of 1.6 billion € losses and 2.4 billion € write down in 2011 and informed of a saving program. In addition to Fukushima accident, the Olkiluoto Nuclear Power Plant is expected to bring losses for the company.
On 1 March 2012 Areva announced a business-deficit of €2.4 billion (US$3.2 billion). The loss is mainly caused by the decline of the value of the uranium-mining venture in Africa. The production of MOX-fule did also stall in 2011 after the Fukushima disaster in Japan. 1500 employees in Germany were to be laid off, after the German decision to phase out nuclear power.
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