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Moneycontrol » News » CNBC-TV18 Comments  Areva to evaluate bids for India T&D unitPublished on Mon, Nov 09, 2009 at 15:28 | Source : CNBC-TV18 Updated at Wed, Nov 11, 2009 at 15:43 10171 Investors following Areva T&D. Share this News with them.
Areva, which has reportedly taken three unidentified bidders, will evaluate the bids for price, strategy and employment issues. A French weekly has reported that that a joint bid put in by Alstom and Schneider have won though Areva has denied the reports. Areva is selling its T&D unit as part of a Euro 11 billion plan and proceeds of the sale will be used to fund expansion. When the sale takes place, it would trigger an open offer in Areva's India unit .
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French nuclear power giant Areva, which is selling its transmission and distribution (T&D) business, is expecting offers on Monday, reports CNBC-TV18's Tejal Badal. The company will take a decision based on the bids on November 16.
