UNQUOTE

FRANCE - AXA PE could still bid for Areva T&D

  • FR
  • LinkedIn  
  • Google plus  

According to reports, AXA Private Equity could still enter the race for Areva T&D, Areva's power distribution unit, despite having previously withdrawn interest after a member of its consortium pulled out.

AXA PE is reportedly in negotiations with General Electric, which could potentially back a new consortium. Meanwhile, Toshiba is seeking to strengthen its offer and is currently in negotiations with Eurazeo and Carlyle. Alstom and Schneider Electric have also tabled bids for the company.

Areva, a nuclear energy company, last week accepted three offers between EUR 3-5bn with final offers to be submitted by November 9th and Areva to make its decision a week later.

  • LinkedIn  
  • Google plus  

More on Buyouts

Latest News