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European Commission investigates Areva

Hinkley Point C, EDF

The European Commission has opened an investigation into French nuclear company Areva.

Areva is facing an in-depth investigation by the European Commission which wants to see whether the company’s restructuring gave it an unfair advantage under European Union rules on state aid.

Areva is responsible for designing the planned reactor at Hinkley Point C.

The company is controlled by the French state and has been dealing with financial difficulties for the past five years. In April 2016, the French state committed to an assistance programme that included a €4bn (£3.3bn) investment.

“Given the size and importance of the restructuring of Areva, the Commission has to carefully assess that the restructuring plan is sound and that the state aid does not unduly distort competition in the single market,” said Margrethe Vestager, commissioner responsible for competition policy at the European Commission.

“Our aim is to ensure a sustainable future for Areva without the need for further government support.”

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