French nuclear reactor maker Areva (CEPFi.PA) is on track to raise capital by the end of the year, said an offical from the French Finance Ministry official.
The program will be rolled out in two phases with the sovereign funds of Qatar and Kuwait making the first investment and industrial players participating in a second round.
'We are in negotiations ...we are sticking to the timeline set out by the nuclear policy board, to have the deal tied up by the end of the year,' said Alexandre de Jugniac, chief of staff to French finance minister Christine Lagardere."
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