Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

France’s FSI Says It’s Close to Deal With Areva on Eramet Stake

Feb. 7 (Bloomberg) -- France’s state-owned fund for strategic investments, or FSI, is close to a deal to buy Areva SA’s 26 percent stake in nickel miner Eramet SA.

FSI, which began exclusive talks with Areva in December, expects to complete the deal “within the next few weeks,” Jean-Yves Gilet, the head of FSI, told reporters at a briefing in Paris today.

Eramet has a market value of 3.4 billion euros, valuing the 26 percent stake at about 884 million euros.

The state fund is currently holding talks with Eramet’s controlling shareholder, the Duval family, which has a shareholder pact with Areva, Gilet said.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.