Article published on the 2009-03-12 Latest update 2009-03-12 15:46 TU
Sovereign wealth funds from places like the United Arab Emirates or Saudi Arabia could buy between one and five per cent of the company’s shares in Areva, which is 90 per cent owned by the French state.
Investment from Middle Eastern funds could also help France’s influence in the region, where some countries are interested in developing nuclear energy. Areva is the world’s largest producer of nuclear reactors, and needs new capital to maintain its leadership position.
Areva has not commented.
Last month French President Nicolas Sarkozy called for a review of Areva’s partnerships, and CEO Anne Lauvereon said the company needed more capital, or more state funding.
2009-02-22 14:37 TU