Sovereign wealth fund Kuwait Investment Authority (KIA) has told French authorities it wants to sell its stake in nuclear group Areva. La Lettre de l’Expansion reported on Monday. KIA is Areva’s second-biggest shareholder with a 4.82 percent stake, according to ThomsonReuters data. The newsletter said the Kuwaiti fund had complained that its investment in Areva, which is majority owned by the French government, was made based on incorrect company accounts.
Reuters 13th June 2016 read more »
France’s Areva SA detailed plans to raise as much as €8 billion ($9 billion) mostly from the government and selling assets in a wide-ranging restructuring of the state-controlled, nuclear-engineering group after years of losses.
Wall Street Journal 15th June 2016 read more »