Edited Press Release PARIS -(Dow Jones)- French nuclear technologies company Areva SA (CEI.FR) said Thursday it has sold its 30% stake in REpower Systems AG (RPW.XE) of Germany to Suzlon Energy Ltd, generating a capital gain of more than EUR350 million. The announcement followed on from an agreement signed on May 24, 2007 by the two companies, giving Areva the possibility to sell its shares to Suzlon at a guaranteed price. The development of CO2-free energy sources, including renewables, is at the heart of the group's strategy. In September 2007, the group strengthened its position on this market by acquiring a 51% stake in Multibrid, a German wind turbine manufacturer specialized in high-power offshore wind turbines. Areva said that acquiring Multibrid gave the company a firm foothold on the offshore wind market and access to state-of-the-art technology. "It therefore made sense for us to sell our stake in REpower and concentrate on other strategic investments," it added. Company web site: www.areva.com
