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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

France rejects Qatar’s Areva investment terms

Posted on 30 November 2010

From Reuters: French President Nicolas Sarkozy rejected conditions set by Qatar for its participation in a planned capital increase by French nuclear reactor maker Areva. Areva has been talking to the sovereign wealth funds of Qatar and Kuwait in the hope of sealing their investment by the end of the year.
Qatar is only prepared to take part in the capital hike if it can invest in Areva’s mining activities, Les Echos newspaper said. The Financial Times has also reported that Qatar is seeking guarantees over the value of Areva, for example by having an option to take shares in its uranium mining division……………………………………….Full Article: Source

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