Exclusive - EDF set to win EU approval for Areva nuclear reactor deal: source

Exclusive - EDF set to win EU approval for Areva nuclear reactor deal: source
 

French utility EDF 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 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 (2.14 billion pounds).
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... read more

 
19 May 2017 in Business, Views: 56
Source: Reuters
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