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Sovereign Wealth Funds Briefing - Categorized | Investment

French government plans Areva sale, talks with SWFs

Posted on 29 June 2009

From Financierworldwide.com: The French government is preparing to sell up to 15 percent in its nuclear power generating unit, held by Areva, to sovereign wealth funds, in Middle East and Asia, particularly Mubadala, which is based in Abu Dhabi.
The move is part of plans to raise €2bn to fund its future development. Mitsubishi Heavy Industries, Areva’s partner in Japan, is the favourite to take the stake…….Full Article: Source


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