UK CMA looking into EDF deal with General Electric
General Electric Co
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11:00 14/10/24
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The UK's competition regulator is looking into whether the acquisition by Électricité de France of General Electric’s nuclear steam power business could lead to competition concerns.
EDF
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16:30 25/09/24
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The Competition and Markets Authority has called for feedback from interested parties on the potential impact of the deal in the UK, a preliminary step before a formal investigation.
Last year, state-owned EDF said it wanted to buy a local nuclear turbine unit from General Electric, as France pushed for multi-billion investments into new reactors.
Reporting by Frank Prenesti for Sharecast.com