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Breakingviews: Areva's business meltdown

Wednesday, November 19, 2014 - 04:25

Areva lost a fifth of its market cap after a profit warning. The collapse is a chance to review government errors says Breakingviews

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Top side and the chef prize of a reboot the French new Korea from may carry it down about a fifth. When lost about a fifth of its value this morning I'm Jeff bass of breaking news thinks that route that. There's an opportunity in this somewhat and he joins me now what what what's the opportunity. Well Eric rice basically as a result of 1015 years of big time industrial and political. Brown does but most it happened because the government's. Whenever there where conservatives have that is simply didn't know what to do without without kind of bizarre animal. That does everything from minding your. Uranium. To making. Pulp nuclear power plants. And sued them the question has long being from whoever it is. You do including. What were new to TV nuclear. Part of the business something very strategic. And dealing directly with the French ministries of course and has not being whose. Should that thing be listed to that. Entity. Does it make sense really. It had to means some connecting business that he sold it but that the bulletin so by. It had longed. Being a possible target for our system. Union dent in engineering group says his new movie being so missed it who General Electric. And so I know governments really has been able to boo. Do the sensible thing which is too which owns me I mean it's it's an you have 90% of the company's Sonia. Damage on the market will be limited to produce a so so small. But. Do some kind of get a pump two billion intimates owners and most recent event last week in two weeks ago the chairman of the company. Was kicked out after a few minutes. Meeting with the prime minister's chief of stuff he was told that he would go. If you divide the former treasury chief would now become the chairman. And and that changing the that the colonists from the company as well so. On top of that and industrial blunder big time which is there are late. Very late in delivering. As a new generation Pollock and de fruits. Big major countries had in Finland. Has been dragging on for use them then that's their reviews behind it is costing them billions of euros. That UDF yesterday had to say that the its own new new new generation pulpit would not be. Ready on time because of Riva kind of kind of deliberate until this is. But at the heart of it but shareholder. But who doesn't know what to do with the company. Who has been meddling. Saying one thing when weaken them and that's the other thing the next week promising privatization Katherine privatization in the party protesters who. Kelly and a little this this this this bad banks start legal entity fat. For a rigorous well isn't that it took. To pull out of back from for these in the sense. That'll be one way to do it another way it would it would be too seriously exit. Again the company has major I mean big time investment needs. 34 years ago and and Sarkozy administration. The went looking for twelve I think whose fitness and commitment to a building units which the government of course and cut stepped up government doesn't have so. Gates who will host the eternity as far as I know you can't privatize them ahead of the Kuwait. Dude resource cut it to increase from Kuwait Kuwait. And so is that they did this evening they are very middling with a company but without any clear sense of okay and disappointed team the Sabina chairman who oversees its Leo. And then decide what they want to do. Probably if you really want to privatize the company which is one option not not necessarily the best buy these this one's choice. The one option then you have to separate part of the strategic really millions who talked. In interaction. And that could not release abuse here it is okay Perry gets him and he thinks they can read this piece of course on the breaking news website. The US shares drove it decent some 230 GMT IMAX problems.

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Breakingviews: Areva's business meltdown

Wednesday, November 19, 2014 - 04:25