We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 26 Nov 2010 04:13 PM

Font Size

- Aa +

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

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

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

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.