Followups
An update on companies and trends featured in recent issues

Virginia Business
January 2006

Framatome ANP Inc., a division of the French energy company AREVA Group, plans to invest $5 million in its Lynchburg facility, creating 130 engineering jobs. Framatone, based in Bethesda, Md., provides services to the nuclear power industry. The Lynchburg area was featured in a regional report in the November issue.

Shareholders of New Orleans-based banking company Hibernia Corp. approved a $5 billion acquisition by Capital One Corp. The October issue reported that McLean-based Capital One delayed closing on the deal in September and renegotiated its takeover offer after Hurricane Katrina slammed into the Gulf Coast, damaging many of Hibernia’s branches.

General Electric Co., the former parent company of Richmond-based Genworth Financial Inc., plans to sell all of its Genworth stock by the end of the year. GE sold 38 million Genworth shares in December in a secondary public offering. The move reduced its stake in Genworth to 19 percent. Genworth was profiled in the September 2004 issue.