Republic of France made a buyout offer to acquire the remaining 13% stake in AREVA SA from TOTAL S.A. (ENXTPA:FP), Electricite de France SA, Kuwait Investment Authority and other minority shareholders for approximately €200 million.

Republic of France made a buyout offer to acquire the remaining 13% stake in AREVA SA (ENXTPA:AREVA) for approximately €200 million from TOTAL S.A. (ENXTPA:FP), Electricite de France SA (ENXTPA:EDF), Kuwait Investment Authority and other minority shareholders on January 11, 2017. As reported, the Republic of France offered a price of €4.5 per share for the remaining minority shares in AREVA. The offer will be filed after completion of a capital increase to be subscribed by Republic of France in AREVA SA which is also to be launched at €4.5 per share.

The offer will be followed as applicable by a mandatory squeeze-out. The private placement transaction is approved by the European Commission while the mandatory offer is subject to approval by the Autorité des marches. AREVA SA's Board of Directors recommend that shareholders contribute their shares to the offer.

The buyout will take place from August 1 to August 14, 2017. FINEXSI acted as fairness opinion provider to AREVA with respect to the offer. Oddo BHF acted as financial advisor for the French government.