January 16, 2012
Anne Lauvergeon, former head of French state-owned nuclear champion Areva, claimed she was the victim of a “plot” as she defended her role in its disastrous 2007 purchase of a small uranium mining company.
Speaking in Paris on Monday, Ms Lauvergeon – known in France as “Atomic Anne” because of her central role in the industry – said she had constantly been “destabilised” as Areva’s chief executive.
She said a campaign against her started in 2007 after she opposed breaking up the group, whose interests span from mining to building atomic reactors.
She said: “This bothered a certain number of private interests,” adding “it was necessary to bring me down, and for that all means were fine, including the dirtiest”.
Ms Lauvergeon was eventually ousted by Nicolas Sarkozy, the French president, in 2011 and replaced by her deputy, Luc Oursel.
However, she returned to the spotlight after Mr Oursel said in December that he was taking a €1.5bn ($1.9bn) writedown on the acquisition of Uramin, a uranium miner, which came on top of a previous €426m charge.
Areva paid €1.8bn for Uramin, even though it had only been listed on Aim, London’s junior exchange, for two years after floating with a value of £120m.
The big loss has prompted claims that Areva may have been victim of wrongdoing. But while the Areva board has launched an internal probe there has been no suggestion from it that this was true.
Ms Lauvergeon and her husband have made a legal complaint against an unnamed individual after it emerged that a Swiss private investigator had tapped her husband’s phones last year while looking into the deal. The investigator found no evidence of wrongdoing related to the deal.
Ms Lauvergeon insisted that the deal had been “completely transparent” and signed off by all directors, including Mr Oursel, and the French government.
It made sense at the time, she added, as the country sought to secure supplies of uranium against competition from China, India and Brazil. The price of uranium has since fallen, while Uramin has far lower deposits than expected.