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Qatar govt fund values Areva at EU 8bn, says Challenges

Valuation is below the French government’s estimate of 12bn to 14bn EU

FRANCES AREVA: French governments estimate may jeopardize Areva’s planned capital increase
FRANCES AREVA: French governments estimate may jeopardize Areva’s planned capital increase

The Qatar Investment Authority values French nuclear reactor builder Areva at 8 billion euros, Challenges magazine said, citing a person familiar with the talks.

The valuation is below the French government’s estimate of 12 billion euros to 14 billion euros and may jeopardize Areva’s planned capital increase, the magazine said.

Separately, it said Mitsubishi Heavy Industries Ltd. and the Kuwait sovereign fund would limit their offers to 300 million euros for a 3 percent stake and 500 million euros for a 5 percent holding respectively.

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