| From WSJ: The government rejected the option to float 30% of Areva’s capital on the stock exchange, claiming the need to protect a strategic champion from foreign and private investors but ended up planning a 15% capital increase, turning to chosen investors, all foreign: Areva’s Japanese partner Mitsubishi Heavy Industries and sovereign funds Qatar Investment Authority and Kuwait Investment Authority.
For its part, QIA’s demands to get a hand on Areva’s uranium extraction business came as a surprise to the governmental interlocutors, after months of discussions, and were turned down. Hence the minimal capital increase of €900 million..............................................Full Article: Source
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