FRANCE - AXA PE abandon Avera pursuit

Axa had planned to team up with Charterhouse Capital Partners in order to bid for the global nuclear energy company's unit, which is thought to be worth around EUR 3bn.

Meanwhile, Alstom and Schnider Electric have made a joint bid for the company. The sale is set to fund Arvera's spending program as well as cover cost overruns and finance the shut down of old reactors.

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