• Most Popular
  • Most Shared

UPDATE 1-Areva could buy renewable, mining assets

Thu Jul 2, 2009 2:52am EDT

Stocks

   

* CEO says group should be on lookout for acquisitions

* Mitsubishi, sovereign wealth funds possible investors

* Says solar "is something we're looking at" (Adds details)

PARIS, July 2 (Reuters) - French state-owned nuclear reactor maker Areva (CEPFi.PA) could look at buying mining or renewable energy assets, its CEO Anne Lauvergeon said on France's Radio Classique on Thursday.

Lauvergeon also said she could envisage existing partner Mitsubishi Heavy Industries (7011.T), or financial investors including sovereign wealth funds, for example in the Gulf, participating in the capital raising it announced on June 30. [ID:L1667121]

But electricity providers -- Areva's customers -- or suppliers, would not be among the groups taking a stake, Lauvergeon said.

Lauvergeon said she believed the group should remain open to acquisition opportunities that exist in the mining sector, as the group needs more uranium.

"We are going to remain very attentive in the renewables sector," she added. The group already has offshore wind energy activities but is not yet present in the solar energy sector, "but this is something we're looking at," Lauvergeon said. (Reporting by Helen Massy-Beresford)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article