June 8, 2011 / 12:45 PM / in 6 years

France's CEA seen cutting Areva stake from 2012

PARIS, June 8 (Reuters) - State-controlled CEA atomic energy board could start selling part of its 73 percent stake in French nuclear reactor maker Areva CEPFi.PA from 2012, French weekly Challenges reported.

Challenges, which did not name its sources, said the Prime Minister’s office had given the Commissariat a L‘Energie Atomique (CEA) the green light to begin reducing its Areva holding with a view to keep at least 50 percent of the company.

Areva could not be immediately reached for comment.

This follows media reports last autumn that the CEA could sell part of its Areva stake to fund costs tied to the phasing out of civil and military sites.

The state holds 87 percent of Areva, including 73 percent through the CEA.

Reporting by Benjamin Mallet; Writing by Dominique Vidalon; Editing by Erica Billingham

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