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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar Holding said to consider joining GE’s Areva bid

Posted on 30 October 2009

From Bloomberg: Qatar may join General Electric Co., an investment unit of the Persian Gulf country’s sovereign wealth fund, and CVC Capital Partners Ltd. in their bid to buy Areva SA’s electricity transmission and distribution unit, two people familiar with the matter said.

Qatar Holding LLC hired New York-based investment bank Evercore Partners Inc. to advise on acquiring a stake in Areva’s unit should the GE-led bid succeed, said the people, who declined to be named because the talks are private. Officials at Doha-based Qatar Holding declined to comment……………………….Full Article: Source

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