Wednesday 1 December 2010

Kuwait fund could save French firm deal, France Industries - Maktoob News

Kuwait's sovereign fund and the French FSI strategic investment fund could be the only investors in Areva's drive to raise funds, which includes a planned capital hike, Les Echos reported on Wednesday.

The deal could be tied up as early as Wednesday and a meeting of Aerva's board of directors called for the end of the week, the daily said, refuting recent reports that no deal would be reached before the end of the year.

Areva, about 90 percent owned by the French state and partially floated on the stock exchange, has been looking to raise 3 billion euros ($3.9 billion) in new capital.

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