Philippe Varin (R), Chairman of French nuclear reactor maker Areva, and Chief Executive Philippe Knoche attend the company's 2014 annual results presentation in Courbevoie near Paris March 4, 2015. French nuclear group Areva pledged to cut 1 billion euros ($1.12 billion) of costs, boost its partnership with utility EDF and expand in China in an attempt to turn around the loss-making, state-controlled company. REUTERS/Philippe Wojazer (FRANCE - Tags: BUSINESS ENERGY)