(AOF) – Standard & Poor’s raised from B+ to BB – his note on NewCo, the new company formed by Areva, which will bring together the business “heart” of the nuclear group. The rating agency highlights the solid basis of the assets of NewCo, which specializes in the cycle of nuclear fuel management, its diversified offer and its position of leader on its market.
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The large european energy companies face a difficult environment, marked by the collapse of prices on the wholesale markets and a situation of overcapacity. The utilities must also contend with the appearance of competitors from other sectors of activity, such as those from the “smart building” (building technical management associated with a set of services). In France, EDF displays financial difficulties, huge investment needs to maintain its nuclear fleet and the voltages on the supply. In Germany, E. ON and RWE are experiencing poor financial results. Mergers and acquisitions are increasing in the energy sector. In the second quarter of 2016, their value rose by 42% compared to 2015. The companies operating in the renewable energy remain very attractive. Acquisitions, targeted and of medium size, building in specific activities also continue. We also note a growing interest of buyers from asia to the european assets of the sector.
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