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EDF signed binding agreements to buy 75.5% of New NP, a subsidiary combining AREVA's reactor design and manufacturing activities, at an adjusted valuation of EUR 2.47 billion for 100%, with Mitsubishi Heavy Industries and Assystem taking 19.5% and 5% stakes.
Velan will supply high-pressure gate, globe and check valves for two EPR reactors at Hinkley Point C in Somerset, UK, under contracts worth about US$55 million recorded in the fourth quarter of fiscal 2017. Delivery is scheduled for 2019-2021.
Velan Inc received contracts worth US$55 million to supply safety-related valves for third-generation nuclear reactors at Hinkley Point C in the U.K., with delivery scheduled for 2019-2021.