EU probes Areva, Siemens civil nuclear deal

, Comments 0 comments

European competition regulators announced on Wednesday they are probing the terms of a deal between French and German nuclear giants Areva and Siemens.

The European Commission is investigating whether "non-compete clauses... in the field of civil nuclear technology may be in violation of European Union antitrust rules," according to a statement.

Areva and Siemens came together in this area in 2001 with a joint venture, Areva NP, that was cleared by the commission with the subsequent acquisition of sole control by Areva also cleared in 2009, Brussels said.

"The non-compete clauses that are now being analysed by the commission relate to the period after Areva took full control," the statement explained, stressing that national competition authorities no longer have jurisdiction.

French daily Le Figaro reported on Wednesday that Siemens wanted the commission to probe the post-divorce ties, which prevent it from concluding a tie-up with Russian group Rosatom, slated since March 2009.

© 2010 AFP

0 Comments To This Article