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Exclusive: EU regulators set to clear EDF's bid for Areva nuclear unit - source

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - antitrust regulators are set to approve French utility EDF's bid for majority stake in Areva's nuclear arm without demanding concessions, person familiar with the matter said on Friday.

The European Commission, which has been examining the deal since April 18, had intense talks with state-owned last week while positive feedback from rivals and customers also swept away initial competition concerns, the source said.

State-controlled wants to acquire 51 to 75 percent of NP, which designs, makes and services nuclear reactors and is worth about 2.5 billion euros ($2.8 billion). The sale is part of loss-making Areva's rescue plan.

($1 = 0.8941 euros)

(Reporting by Foo Yun Chee, editing by Julia Fioretti)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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