France to sell 15 percent of nuclear power group Areva
PARIS, Jun 26, 2009 -- Xinhua
>
> The French government is planning to sell 15 percent of the
> state-owned nuclear power group Areva to Asian and Middle Eastern
> investors
> and elsewhere in order to raise 2 billion euros (2.8 billion
> dollars) to
> fund finance development of the company, the Financial Times
> reported on
> Friday.
>
> According to the Financial Times, the movement will leave the
> state
> with 75 percent of Areva, down from the current 90 percent.
>
> Areva needs to put between 8 and 10 billion euros by 2012 into
> its
> investment program, and the company will announce plans for capital
> increase
> in next week.
>
> According to the Financial Times, Areva's Japanese partner
> Mitsubishi
> Heavy Industries was the favorite to take the stake. The Japanese
> company
> said Friday that it had not received an offer to buy a stake, but it
> would
> consider buying a stake in Areva.
>
> The government is also in talks with sovereign wealth funds
> including
> Mubadala in Abu Dhabi. Furthermore, France is also considering
> selling its
> transport and distribution subsidiary, which supplies equipment to
> power
> grid operators.
>
> Neither the French government nor Areva was available for
> comment.
>
> The French government is planning to sell 15 percent of the
> state-owned nuclear power group Areva to Asian and Middle Eastern
> investors
> and elsewhere in order to raise 2 billion euros (2.8 billion
> dollars) to
> fund finance development of the company, the Financial Times
> reported on
> Friday.
>
> According to the Financial Times, the movement will leave the
> state
> with 75 percent of Areva, down from the current 90 percent.
>
> Areva needs to put between 8 and 10 billion euros by 2012 into
> its
> investment program, and the company will announce plans for capital
> increase
> in next week.
>
> According to the Financial Times, Areva's Japanese partner
> Mitsubishi
> Heavy Industries was the favorite to take the stake. The Japanese
> company
> said Friday that it had not received an offer to buy a stake, but it
> would
> consider buying a stake in Areva.
>
> The government is also in talks with sovereign wealth funds
> including
> Mubadala in Abu Dhabi. Furthermore, France is also considering
> selling its
> transport and distribution subsidiary, which supplies equipment to
> power
> grid operators.
>
> Neither the French government nor Areva was available for
> comment.