Article: Japan : Areva Unit Gets Bids From Alstom-Schneider Venture, GE, Toshiba.

Byline: Mamta03

Areva SA, the world s biggest builder of nuclear reactors, said it received three bids for its transmission and distribution unit.

General Electric Co. made an offer for the unit without partners, the company said today in a statement. Toshiba Corp. submitted a bid with Innovation Network Corp. of Japan, while the unit s former owner, Alstom SA, submitted a joint bid with Schneider Electric SA, Areva said. The Paris-based company, which is 91 percent owned by the French government, received the bids today, before the 5 p.m. deadline.

Areva became the world s third-largest provider of power transmission and distribution equipment ...

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