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.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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