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.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more