EU clears rescue of troubled nuclear firm Areva

Brussels (AFP) – EU anti-trust regulators on Tuesday cleared the restructuring of France’s troubled state-owned nuclear reactor builder Areva.

“The European Commission has concluded that French plans to grant a capital injection of 4.5 billion euros ($4.75 billion) to Areva are in line with EU state aid rules,” a statement said.

The commission added that other regulatory decisions were still needed, including a greenlight by the EU on the buyout of Areva’s reactor business by French state-owned EDF.