The head of Engie says the company are not interested in fully acquiring struggling Areva, but would prefer working with them on particular lines.

“If we consider something, it would be in co-operation with Areva, not simply an acquisition of some assets,” Gérard Mestrallet told the Financial Times on the sidelines of a business and climate change conference in Paris.
Gérard Mestrallet
“We are used to joint ventures with Areva, to co-operations,” said Mr Mestrallet, adding that they already had partnerships together in offshore wind power.

His comments come as the French government move closer to an overall decision on June 3rd.
Areva reported a €4.8bn loss last year and Paris is trying to negotiate a solution to rescue the company.

People close to the company said Engie, one of the world’s largest power companies and previously known as GDF Suez, could work with Areva on its international reactor services business. Engie is 36.7 per cent owned by the government.

Any deal between Areva and Engie would be likely to come alongside a much larger agreement with EDF, which earlier this week outlined its preference for a broad rescue package to acquire Areva NP, the division that designs, manufactures and maintains nuclear reactors.

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