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The AREVA group has announced that it has purchased a 21.1% stake in REpower. REpower employs 558 people and posted revenues of € 301 million in 2004. This acquisition reinforces AREVA’s strategic position in CO2-free generation and electricity transmission and distribution. REpower offers sales and industrial synergies with AREVA’s Transmission and Distribution division. AREVA will provide REpower with the resources it needs to develop in terms of financial support and its knowledge of utility customers and grid managers.
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