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

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - 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 ($2.8 billion). The deal is crucial for France, which has Europe's largest network of nuclear plants, and uses EDF and Areva to spearhead its ...

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