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Areva capital hike by year end on track-finmin

The programme will be rolled out in two phases.

November 23, 2010 11:57 by

French nuclear reactor maker Areva is on track to raise capital by the end of the year, said an offical from the French Finance Ministry.

The programme will be rolled out in two phases, with the sovereign funds of Qatar and Kuwait making the first investment and industrial players participating in a second round.

“We are in negotiations … we are sticking to the timeline set out by the nuclear policy board, to have the deal tied up by the end of the year,” said Alexandre de Juniac, chief of staff to French finance minister Christine Lagardere

(Reporting by Nina Sovich; Editing by David Holmes)

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