Areva In Talks To Sell Radiation-Measurement Unit

Bloomberg reported Areva SA (EPA:AREVA) is about to begin talks to sell its radiation-measurement unit Canberra to Astorg Partners SAS for more than 300 million euros.

As quoted in the market news:

The French buyout fund beat Mirion Technologies Inc. (MION), owned by American Capital Ltd., with an offer that was a few million euros higher, one of the people said, declining to be identified because the talks are not public yet. Antitrust issues may also have made a sale to Mirion more difficult, the person said.

Astorg, based in Paris, may commit to not fire workers at Canberra’s French operations for two years, the person said.

Click here to read the full Bloomberg report.