UK's competition watchdog to examine EDF buying GE's nuclear turbine unit
Reuters
Published Mar 27, 2023 07:31
(Reuters) - UK's anti-trust regulator said on Monday it was looking into whether FDF's proposed acquisition of General Electric (NYSE:GE) Co's France-based nuclear turbine unit could lead to competition concerns.
The Competition and Markets Authority (CMA) said it was inviting comments from the companies concerned related to the impact the deal could have on competition in the UK.
EDF (EPA:EDF) had entered into an exclusive agreement with GE to buy part of GE's Steam Power's nuclear power activities, bringing together nuclear steam turbine technology and service expertise.
The GE unit, estimated to be worth around $1 billion as per media reports, was owned by Alstom (EPA:ALSO) until 2015.
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Written By: Reuters
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