November 28, 2017 / 5:13 PM / a year ago

UPDATE 2-Areva offices in Paris raided over uranium deal

(Adds source on uranium deal)

PARIS, Nov 28 (Reuters) - Investigators from the Paris financial prosecutor’s office raided the headquarters of state-owned nuclear group Areva on Tuesday over a failed uranium deal, a source familiar with the situation said.

An Areva spokeswoman confirmed that the firm’s offices in Paris’ La Defense business district had been searched by court officials, but declined to give details about the investigation.

The source said the raid was part of a preliminary investigation into how Areva in 2011 had lost 18 million euros on a deal for several thousands of tonnes of Niger uranium after a nuclear reactor project fell through.

Areva had agreed in 2010 to provide a long-term supply of uranium for a utility that planned to buy an Areva reactor.

But following the March 2011 Fukushima disaster the utility dropped the reactor project and Areva had to reverse the supply deal, incurring losses after uranium prices plunged.

A judicial source also confirmed the raid but said it had nothing to do with Areva’s 2007 acquisition of uranium mine UraMin as French TV channel M6 reported earlier. (Reporting by Geert De Clercq and Emmanuel Jarry; Editing by Sudip Kar-Gupta and David Evans)

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