Areva to Sell Stake in Nickel Miner
08. Jan, 2010
Wall Street Journal reports, “Areva SA is poised to raise some €1 billion ($1.44 billion) by selling its stake in a French nickel-mining firm, people familiar with the matter said, in what would be the latest move by the French nuclear-power group to raise money for a vast nuclear plant renewal plan and expansion into alternative energies. The state-owned Areva plans to sell its 25.78% stake in Eramet to France’s Fonds Strategique d’Investissement — a sovereign fund created last year by the French government to help strategically important companies — by the end of the first quarter, according to one of the people familiar with the matter. Spokespeople for Areva and Eramet declined to comment.”
read more: Wall Street Journal
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