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FINANCIAL NEWS
Kuwait to acquire $792m stake in Areva
11 Dec 2010
(MENAFN) Kuwait’s sovereign wealth fund is to take a $792 million stake in French nuclear group Areva as part of a capital increase that will also see the French state invest $300 million.
Economy Minister Christine Lagarde said in a statement that the Kuwait Investment Authority (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 percent.
These proposals from KIA and the state will be examined on December 11 by the (Areva) supervisory board, said Lagarde in a statement that came minutes after Areva announced its supervisory board would meet on Saturday.
KIA and the French state agreed on a shareholding pact under which Paris has committed to ‘do its utmost’ to list Areva on the stock market by June 2011, Lagarde said.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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