France decided to rescue its Areva nuclear energy company once again, this time by combining the nuclear power station business with state-controlled power operator EDF, its biggest client. The creation of Areva in 2001 was not a solution; it was an expedient to delay a painful restructuring. Will France now take the bull by its horns? Or will there be another elegant compromise that will keep the frayed flag flying over an ailing former darling sector… until the next crisis?
Source Forbes - Business http://ift.tt/1FvLHFD
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