Saturday, December 06, 2025 | 03:01 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

Image

Reuters BRUSSELS

BRUSSELS (Reuters) - EU antitrust regulators are set to approve French utility EDF's bid for a majority stake in Areva's nuclear arm without demanding concessions, a 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 EDF last week while positive feedback from rivals and customers also swept away initial competition concerns, the source said.

State-controlled EDF wants to acquire 51 to 75 percent of Areva 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)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 19 2017 | 10:57 PM IST

Explore News