BDO values Siemens’ nuclear stake

The €1.62bn (£1.43bn) valuation for Siemens’ stake in a nuclear power venture was calculated by BDO Gervase MacGregor.

Siemens, Germany’s largest engineering company, and venture partner Areva, organised the independent valuation.

French-based Areva could be provided with the option to buy the 34% stake by the end of January 2012.

“BDO can confirm that Gervase MacGregor acted as the independent valuer of Areva NP, however due to the confidential nature of this matter we are unable to give any further information,” said a BDO spokesman.

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