French FSI fund may buy Areva asset stakes -paper

Reuters reports, “France’s FSI strategic investment fund could buy stakes in assets that French nuclear reactor supplier Areva is selling, the fund’s head told Les Echos newspaper.

Asked about Areva’s power Transmission & Distribution (T&D) unit and its minority stakes in mining group Eramet and chipmaker STMicroelectronics, Gilles Michel said, ‘Regarding Eramet, the FSI is obviously one of the possible shareholders, but there are other players. It’s exactly the same answer for STMicroelectronics and for T&D.’

On Wednesday, the FSI raised its stake in Technip, a builder of refineries and pipelines, to 5 percent from 2.6 percent. Michel told Les Echos the FSI spent 90 million euros $130.5 million on the Technip investment.”

read more: Reuters



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