Assystem sells its 5% stake in Framatome to EDF S.A.
Summary
Assystem sells its 5% stake in Framatome to EDF S.A.Paris-La D\xe9fense, 24 January 2024, 10:00 p.m. (CET) Assystem S.A. (ISIN: FR0000074148 - ASY), a major energy transition player, announced today that it has sold its 5% stake in Framatome to EDF S.A. for 205 million.Assystem originally acquired 5% of Framatomes share capital in December 2017, demonstrating its support of the French nuclear industry alongside the industrys leader EDF, in connection with the reconfiguration of Frances nuclear players. This reconfiguration has now been completed.This sale of its stake in Framatome strengthens the independence of the Assystem Group, which is heavily involved in the development of civil nuclear projects using a variety of technologies in many countries. This commitment remains total, because it is built on more than 55 years of working closely with all the strategic players in the French nuclear industry, and on Assystems engagement in Frances ambitious programme to develop low-carbon energy that will serve future generations.Luc R\xe9mont, Chairman and CEO of EDF, comments: "After supporting Framatome for six years as a shareholder with a 5% stake, Assystem has decided to pursue its commitment to the nuclear industry without having a direct stake in Framatome. On this occasion, the EDF Group is simplifying Framatomes capital by purchasing the shares held by Assystem. With more than 55 years of experience in highly regulated sectors with stringent safety and security constraints, the Group provides engineering and project management services as well as digital solutions and services to optimize the performance of complex infrastructure assets throughout their life cycle.