Bain poised for French technology deal

US private equity group Bain Capital has entered exclusive talks to buy part of the French state-owned nuclear group Areva. Credit Suisse First Boston has been hired to sell the business.

Bain has offered €1bn ($1.2bn) for Areva's FCI connectors business, whose products are used in microchips and mobile phones, La Tribune reports. Areva declined to comment on a possible price.

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