nuclear-news

The News That Matters about the Nuclear Industry

European Commission scheduled to decide on EDF to gain controlling stake in AREVA nuclear corporation

EDF set to win EU approval for Areva nuclear reactor deal – source , Reuters, By Foo Yun Chee | BRUSSELS, 19 May 17,   French utility EDF (EDF.PA) is set to gain unconditional approval from the EU competition authorities for its plan to acquire a controlling stake in ailing nuclear power engineering group Areva’s (AREVA.PA) reactor business, a person familiar with the matter said on Friday.

State-controlled EDF wants to acquire 51 to 75 percent of Areva NP, which designs, manufactures and services nuclear reactors and is worth about 2.5 billion euros ($2.8 billion).

The deal is crucial for France, which has Europe’s largest network of nuclear plants, and uses EDF and Areva to spearhead its export efforts against competition from Russia’s Rosatom and Japan’s Hitachi Ltd (6501.T).

The European Commission, which is scheduled to decide on the deal by May 29, declined to comment. EDF and Areva had no immediate comment….http://www.reuters.com/article/us-areva-m-a-edf-eu-idUSKCN18F23I

Advertisements

May 20, 2017 - Posted by | business and costs, France, politics international

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: