The Japanese companies Mitsubishi Heavy Industries (MHI) and Japan Nuclear Fuel Limited (JNFL) have completed their investment of €250m to acquire a 5% stake each in Orano (10% in total for a total amount of €500m). Orano's capital is now held by the French State (45.2%), Areva SA (40%), JNFL (5%), MHI (5%), and the French Alternative Energies and Atomic Energy Commission (CEA, 4.8%). This transaction follows the sale of the majority control of Framatome (formerly New NP) by Areva to the power company EDF in December 2017.
Orano is focusing on the development of nuclear materials and waste management. Its core activities include uranium mining, conversion and enrichment and the recycling of used fuel. Its strategic plan is focused on three objectives: the generation of positive net cash flow in 2018, having more than 50% of the staff working in service activities by 2020 and generating more than 30% of its revenue in Asia by 2020 (from the current 20%).