CVC pulls out of GE talks over Areva unit: report | Deals | Reuters - 0 views
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Energy Net on 09 Nov 09Private equity fund CVC has pulled out of talks with General Electric (GE.N) about a possible joint bid for the power and transmission unit of France's Areva (CEPFi.PA), a French financial news service reported on Sunday. Spokesmen for the firms involved could not immediately be reached for comment. State-owned nuclear reactor group Areva is selling its T&D unit and has selected Japan's Toshiba (6502.T), a consortium led by U.S.-based GE, and French partners Alstom (ALSO.PA) and Schneider Electric (SCHN.PA) as possible buyers. Binding offers are expected for November 9 ahead of an Areva decision set for November 16.
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Energy Net on 09 Nov 09Private equity fund CVC has pulled out of talks with General Electric (GE.N) about a possible joint bid for the power and transmission unit of France's Areva (CEPFi.PA), a French financial news service reported on Sunday. Spokesmen for the firms involved could not immediately be reached for comment. State-owned nuclear reactor group Areva is selling its T&D unit and has selected Japan's Toshiba (6502.T), a consortium led by U.S.-based GE, and French partners Alstom (ALSO.PA) and Schneider Electric (SCHN.PA) as possible buyers. Binding offers are expected for November 9 ahead of an Areva decision set for November 16.