Nov 19 2010 |
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Qatar puts conditions on investing in France's Areva
PARIS: Qatar's sovereign wealth fund said it will only invest in French nuclear group Areva's capital increase if it can convert that investment into its mining division, possibly delaying negotitations, French daily Les Echos reported.The Qatar Investment Authority , along with French utility EDF and Japanese group Mitsubishi Heavy Industries, is in talks to invest €1.5-3bn ($2.0-4.1bn) in Areva to help it fund international expansion.
The QIA has told the French government it will only invest in Areva's nuclear activity if it can later invest it in its uranium mining business, according to the paper.
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