CCJ Cameco Corporation

French nuclear engineering company Areva SA (AREVA.FR) said Monday that it has closed the sale of its 27.94% interest in the Millennium mining project to Cameco Corporation (CCJ) for CAD$150 million ($146.4 million).

MAIN FACTS:

-The transaction, which was initially announced in March, is part of Areva's "Action 2016" strategic plan, said the company in a statement.

-The proceeds of the deal will contribute to reducing the company's net debt and help to finance the its strategic and safety investment program.

-Under the terms of the agreement, in addition to the CAD$150 million, Areva will benefit from royalties in case new uranium resources are discovered for the mine, said the company.

-Write to Nadya Masidlover at nadya.masidlover@dowjones.com