PARIS (Reuters) - China National Nuclear Corporation (CNNC) [CNNNC.UL] has decided against taking a stake in the capital increase and restructuring of French nuclear group Areva (PA:AREVA), BFM Business reported on Tuesday.
Officials at state-controlled Areva and the French Economy Ministry could not be immediately reached for comment.
Earlier this month, France said it would buy out minority shareholders in Areva and delist the troubled nuclear group, as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.
The state, which owns 87 percent of Areva, said it would offer 4.5 euros per Areva SA share to minority investors which include Kuwait's investment fund, French utility EDF (PA:EDF) and French energy group Total (PA:TOTF).
Japan's Mitsubishi Heavy Industries (T:7011) and JNFL have also been looking into taking a stake in Areva.
