Centrus Energy Corp (LEU): NewCo: The French state plans to keep...

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Centrus Energy Corp (LEU)

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Wednesday, 06/15/2016 8:50:15 AM

Wednesday, June 15, 2016 8:50:15 AM

NewCo:

The French state plans to keep two thirds of the capital of a new nuclear fuel company that will be split off from nuclear group Areva and will invite strategic investors to buy a one third stake, Areva said on Wednesday.

NewCo will still burn cash in 2016 and 2017 but should turn cash positive from 2018

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