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

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 ...

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First Published: Fri, May 19 2017. 22:57 IST