Areva in €1.067 Billion FCI Sale

Cleary Gottlieb represented Areva in the sale of FCI, Areva’s connector subsidiary, to Bain Capital following an auction process. The transaction, which has been approved by Areva’s Supervisory Board, is subject to regulatory approval and expected to close by the end of October.

FCI, with 2004 revenues of €1.3 billion, designs and manufactures interconnect systems for the automotive, communication, data and consumer markets.