Areva T&D sale official
The decision to sell ArevaÂ’s Transmission and Distribution business was taken by the Supervisory Board on June 30, 2009 after a review of the groupÂ’s development plan.
At the close of the bidding process, the Areva Supervisory Board, convened on November 30, 2009, asked the Executive Board to begin exclusive negotiations with Alstom/Schneider Electric to draw up the terms of an agreement providing for:
• a sale price of 4.09 billion euros in enterprise value;
• a commitment to maintaining all European sites for a 3-year period;
• guarantees for the workforce: all European employees are to be offered a similar position in the same geographical area at an equivalent qualification level and without loss of compensation or seniority; unless the economic situation deteriorates significantly, there will be no layoff program except for voluntary terminations.
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BC Ferries celebrates addition of hybrid ships
VICTORIA - In a champagne celebration, BC Ferries welcomed two new, hybrid vessels into its fleet Wednesday. The ships arrived in Victoria last month, and are expected to be in service on northern routes by the summer.
The Island Aurora and Island Discovery have the ability to run on either diesel or electricity.
"The pressure on whales on the West Coast is very intense right now," said BC Ferries CEO Mark Collins. "Quiet operation is very important. These ships will be gliding out of the harbor quietly and electrically with no engines running, that will be really great for marine space."
BC Ferries…
