Sunday 5 December 2010

Areva capital raising likely within days-minister | Reuters

French Industry Minister Eric Besson said on Sunday that the first phase of a capital raising for French nuclear reactor builder Areva (CEPFi.PA) was 'imminent' and likely to take place within hours or days.

The Journal du Dimanche newspaper reported on Saturday that the first phase of the capital raising, involving the Kuwait Investment Authority, could be announced as early as this weekend as a delay could complicate the deal.

'As for the first phase of the deal, it is imminent,' Besson said on Europe 1 radio. 'I am unable to tell you whether that means in the coming hours or the coming days.'

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