| Sovereign wealth fund Kuwait Investment Authority (KIA) has told French authorities that it wants to sell its stake in nuclear group Areva, according to a report. Areva, with its partner Électricité de France, is in the race to win the contract for the 9,600MW of SA’s new nuclear power. The fund is Areva’s second-biggest shareholder, with a 4.82% stake, according to ThomsonReuters data.
The La Lettre de l’Expansion weekly newsletter said the Kuwaiti fund had complained that its investment in Areva, which is majority-owned by the French government, was made based on incorrect company accounts...............................................Full Article: Source
|