Middle East Economic Survey
KIA Acquires 4.8% Stake In Nuclear Firm Areva
Kuwaits sovereign wealth fund, Kuwait Investment Authority (KIA), is to acquire a 4.8% stake in nuclear energy giant Areva, following the French companys approval of a 900mn reserve capital increase. Following recapitalization, the company is now valued at 11.5bn, with KIA taking a 600mn interest. The deal also includes a put option by which KIA will be able to sell its stake if the...