France wants to improve financing for state-owned nuclear group Areva - Lagarde |
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Tue, 16 Oct 2007 15:23
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PARIS (Thomson Financial) - France wants to improve the financing for state-owned nuclear engineering firm Areva, finance minister Christine Lagarde told parliament.The state is currently studying ways to restructure Areva.'We must carry out this global review of (Areva's) access to better financing. A study is underway. It will go on. All observations will be put on the table in order to forecast the best ways of going about financing' Areva, Lagarde said during government question time in parliament.Areva 'finds itself in a very good competitive situation but' also in a situation 'of competition, attacked by its rivals like Westinghouse and Toshiba who are, in the United States and Japan, trying to take away market share' from the French company, Lagarde said.But 'Today it is not urgent and no decision will be taken in the immediate future,' Lagarde said in response to a question from an MP.In a note to authorities, France's Commissariat a l'Energie Atomique, or CEA, Areva's main shareholder, named a merger with French power engineering firm Alstom, which would presuppose a privatization of Areva, as a possible scenario.greg.keller@thomson.comgk1/lamCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Alstom interested in construction of nuclear plants in UK 