Areva is a French multinational group specializing in nuclear power and renewable energy headquartered in Paris La Défense. Areva is majority owned by the French state, through French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Moreover, Électricité de France which French government had a majority ownership, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholders after the French state.