News

EDF nuclear turbine deal draws interest of UK competition watchdog - Reuters UK

Reuters UK · last updated

EDF nuclear turbine deal draws interest of UK competition watchdog | Reuters

EDF nuclear turbine deal draws interest of UK competition watchdog

March 27 (Reuters) - Britain's antitrust regulator said on Monday it was looking into whether the anticipated acquisition by Électricité de France SA (EDF.PA) of the nuclear steam power business owned by General Electric Co (GE.N) could lead to competition concerns.

The Competition and Markets Authority (CMA) invited initial 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 unveiled plans to acquire a local nuclear turbine unit from General Electric, as France pushed for multi-billion investments into new reactors.

Our Standards: The Thomson Reuters Trust Principles.

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up