Areva prepares to sell assets worth up to $7B (Dealscape

French nuclear engineering giant Areva SA is expected to put its transmission and distribution business up for sale to finance new investment, after a board meeting scheduled for Tuesday.

The unit, which operates much of France's electricity grid, could pull in between €3 billion and €5 billion ($4.2 billion and $7 billion), according to analysts. It has already attracted interest from companies including French engineering group Alstom SA.

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NOT A SUBSCRIBER? Areva prepares to sell assets worth up to $7B Posted on June 30, 2009 12:24 PM French nuclear engineering giant Areva SA is expected to put its transmission and distribution business up for sale to finance new investment, after a board meeting scheduled for Tuesday. The unit, which operates much of France's electricity grid, could pull in between €3 billion and €5 billion ($4.2 billion and $7 billion), according to analysts. It has already attracted interest from companies including French engineering group Alstom SA. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 433 in-depth reports of Auctions in the Energy sector 80 company pages related to France 39 company pages related to Siemens 12 in-depth transaction records for Areva 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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