France not ready to invest in EV project
"At this stage, public money would not be protected," the spokesman for the fund, set up to help struggling businesses hit by the crisis, told Reuters.
It agreed in March to invest in niche car and equipment maker Heuliez, which builds the Tigra for General Motors unit Opel and is counting on a push toward electric vehicles for its future.
The spokesman said BKC had not given sufficient guarantees on the capital it would supply for the project and said a shareholders' meeting scheduled to launch the project could be canceled.
BKC president Louis Petiet was not immediately available for comment.
The FSI had planned to invest 10 million euros (US$14.9 million) in Heuliez's electric vehicle, alongside the region of Poitou-Charentes where the company is based which is set to invest 5 million.
BKC, the only interested candidate, was chosen in July to take over Heuliez.
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Hydro One deal to buy Avista receives U.S. antitrust clearance
TORONTO - Hydro One Ltd. says it has received antitrust clearance in the United States for its deal to acquire U.S. energy company Avista Corp.
The Ontario-based utility says the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Thursday night.
Hydro One announced the friendly deal to acquire Avista last summer in an agreement that valued the company at $6.7 billion.
The deal still requires several other approvals, including those from utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
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The U.S. Federal Communications Commission must also sign off on the transaction and clearance is required by the Committee on Foreign Investment…
