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Alstom, Schneider to jointly bid for Areva unit
Paris (AFP) July 23, 2009 Engineering groups Alstom and Schneider said on Thursday they might launch a joint bid for the Transmission and Distribution business being sold by Areva, France's state-controlled nuclear power giant. "Schneider Electric and Alstom envisage submitting a joint offer" for the T&D operations, the two companies said in a statement. Ultimately, Alstom could end up with the transmission assets and Schneider the distribution activities, they said. They gave no details of what price they might offer for the Areva business, which analysts have valued at 3.0-5.0 billion euros (4.2-6.0 billion dollars). Areva announced in June that it was opening its capital to new investors and would sell assets to raise money for massive investments in new nuclear technology. Share This Article With Planet Earth
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Russia should have quarter of nuclear power market: MedvedevMoscow (AFP) July 22, 2009 Russian President Dmitry Medvedev said Wednesday that Russia should hold a quarter of the international nuclear energy market, as he announced an ambitious development programme. "With ultra-modern technologies and the ability to guarantee the complete cycle, from the production of uranium, to the maintenance and decommissioning of nuclear power plants, Russia can count on a minimum of a qua ... read more |
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