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Kuwaitis (KIA) Want Out of French State Owned Nuclear Group Areva

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Flamanville construction site
Flamanville, France, Nuclear Reactor Construction site. See Areva name in upper right hand corner. EDF is also there; it operates the Flamanville nuclear site.

The Kuwait Investment Authority (KIA) is Kuwait’s sovereign wealth fund, managing body, specializing in local and foreign investment. It is the 5th largest sovereign wealth fund in the world with assets exceeding $592 billion… KIA was founded on 23 February 1953 to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil. KIA is the world’s first and oldest sovereign wealth fund. French State owned nuclear group, Areva, has proved a really bad investment for them.

Reuters (13 June 2016) citing “La Lettre de l’Expansion” reported that the Kuwait Investment Authority (KIA) wants to sell its stake in French State owned nuclear group Areva. Reportedly, KIA said that they invested in Areva “based…

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June 16, 2016 - Posted by | Uncategorized

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