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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GE, French SWF likely to be in talks on Areva T&D bid

Posted on 22 October 2009

From Dow Jones: The French sovereign wealth fund Fonds Strategique d’Investissement, or FSI, is likely to be talking to the consortium comprising U.S.-based General Electric Co. (GE) and private equity firm CVC Capital Partners about joining the group in a potential bid for French nuclear group Areva SA’s transmission and distribution business, people familiar with the situation said.

Joining up with the French sovereign wealth fund would enable General Electric’s bid to have more of a French flavor, since the French government is understood to be keen to see a French champion emerge as the buyer of T&D, one of these people said……………………Full Article: Source


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