Chinese, Japanese, Kazakh companies eyeing Areva stakes -source

CNNC International

22/11/2016 07:45

PARIS, Nov 22 (Reuters) - Nuclear companies from China, 
Kazakhstan and Japan are in discussions with Areva  AREVA.PA  
about taking stakes in the French reactor builder, a French 
government source told Reuters on Tuesday. 
    The negotiations are set to end in two to three weeks, the 
source said. 
    French online news website BFM Business citing sources close 
to the group reported on Tuesday that China National Nuclear 
Corporation (CNNC), Mitsubishi Heavy Industries  7011.T  and 
Kazakhstan's Kazatomprom were each set to buy an 11 percent 
stake in Areva. 
    The three will inject 400 million euros each, BFM reported. 
It said they would be able to chose board members and that the 
French government's stake in Areva would fall to 67 percent. 
    Areva declined to comment on the BFM Business report.  
    CNNC, Mitsubishi and Kazatomprom were not available for 
immediate comment. 
    Areva is planning a 5 billion euro ($5.4 billion) capital 
increase to restore its finances. 
 
 (Reporting by Jean-Baptiste, Benjamin Mallet and Maya Nikolaeva 
in Paris, David Stanway in Shanghai, Timothy Kelly in Tokyo; 
editing by Jason Neely) 
 ((maya.nikolaeva@thomsonreuters.com; +33 1 49 49 53 39; Reuters 
Messaging: maya.dyakina.thomsonreuters.com@reuters.com)) 
 
Keywords: AREVA RESTRUCTURING/