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France invites China in, to save failed nuclear corporation AREVA

Buy-China-nukes-1France’s nuclear-reactor maker Areva open to Chinese funds, says French President Francois Hollande, South China Morning Post,   Zhen Liuzhen.liu@scmp.com 3 Nov 15 It’s natural to involve China in Areva’s planned restructuring as the two nations cooperate to build nuclear plants, says French President French President Francois Hollande said on Tuesday that France welcomed Chinese investment in its state-owned nuclear-reactor maker Areva, as he wrapped up his two-day trip to China.

“We welcome foreign capital in the Areva restructuring. It would not affect our sovereignty,” Hollande said in Beijing.

On Monday, Areva and the China National Nuclear Corporation signed a memorandum of understanding for possible partnership on nuclear-waste recycling that could be worth €20 billion (HK$171 billion).

Hollande said that as China and France had become partners building nuclear plants together in Britain and China, it was natural to have the Chinese in the Areva recapitalisation. Last month, French utility company EDF came to an agreement with Chinese nuclear company CGN to jointly build the Hinkley Point nuclear plants in Britain.

Despite the continuous nuclear cooperation, Hollande said his two-day China trip focused more on climate change issues to ensure success in the upcoming UN round of climate talks to be held in Paris next month……..http://www.scmp.com/news/china/diplomacy-defence/article/1875477/frances-nuclear-reactor-maker-areva-open-chinese-funds

November 4, 2015 - Posted by | China, France, politics international

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