Friday 26 November 2010

Qatar Govt. Fund Values Areva at EU8 Billion, Challenges Says - BusinessWeek

The Qatar Investment Authority values French nuclear reactor builder Areva at 8 billion euros, Challenges magazine said, citing a person familiar with the talks.

The valuation is below the French government’s estimate of 12 billion euros to 14 billion euros and may jeopardize Areva’s planned capital increase, the magazine said.

Separately, it said Mitsubishi Heavy Industries Ltd. and the Kuwait sovereign fund would limit their offers to 300 million euros for a 3 percent stake and 500 million euros for a 5 percent holding respectively.

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