SMSP Interested in Acquiring Areva Stake in Eramet, Echos Says

Societe Miniere du Sud Pacifique SA is interested in buying Areva SA’s 26 percent stake in Eramet SA (ERA), Les Echos reported, citing SMSP Chairman Andre Dang.

SMSP could raise financing for the purchase that would be backed by guarantees tied to SMSP’s nickel plants in New Caledonia and South Korea, Dang told the newspaper in an interview.

FSI, the French sovereign fund, may also seek to buy Areva’s stake in Eramet, though Areva Chief Executive Officer Luc Oursel yesterday said at a press conference that he wouldn’t rush a sale at the expense of asset values, Les Echos reported.

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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