Areva shares plunged 15.7% to €10.17 ($12.76) by mid-afternoon in Paris today as investors dumped the stock after a profit warning, and amid uncertainties whether the majority state-owned company is in for a major restructuring.
The company – which is in the final stages of merging its offshore wind business with that of Spanish turbine-maker Gamesa – is reviewing its strategic outlook and wants to present a new financial outlook in coming months.
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