Kuwait set to pump $792m into Areva

PARIS - Kuwait’s sovereign wealth fund is to take a €600 million ($792 million) stake in French nuclear group Areva as part of a capital increase that will also see the French state invest €300 million.

By (Reuters)

Published: Sat 11 Dec 2010, 10:58 PM

Last updated: Mon 6 Apr 2015, 10:06 AM

Economy Minister Christine Lagarde said in a statement that the Kuwait Investment Authority, or KIA, would take a 4.8 per cent stake in the French nuclear reactor maker, in which the French government has an indirect stake of around 90 per cent.

“These proposals from KIA and the state will be examined on December 11 [today] by the [Areva] supervisory board,” Lagarde said minutes after Areva announced its supervisory board would meet today at 0900GMT.

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