Areva needs 2.7 bln euros for investments - report

PARIS | Wed Jan 28, 2009 4:33pm EST

PARIS Jan 29 (Reuters) - French state controlled nuclear reactor group Areva CEPFi.PA needs to secure financing for 2.7 billion euros worth of planned investments in 2009, French daily Le Figaro reported in its Thursday edition.

"Areva is not able at this stage to fund the 2.7 billion euros in envisioned investments," the paper said.

One option would be a capital increase that could be subscribed by the French state. Another would be selling some of Areva's stakes in French listed companies such as Total (TOTF.PA), Safran (SAF.PA) and GdF Suez, worth a cumulated 1.5 billion euros, or selling Areva's 26 percent stake in metals group Eramet (ERMT.PA) worth around 900 million euros, the paper said.

Reuters got an advanced copy of the front page of Le Figaro's Thursday edition. (Paris Equities, +331 49495432)

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