UK watchdog clears EDF's proposed deal for GE's nuclear turbine unit

Electricite de France SA

25/05/2023 07:30

May 25 (Reuters) - UK's antitrust regulator said on
Thursday it will not refer EDF's  EDF.PA  proposed deal to buy
General Electric Co's  GE.N  France-based nuclear turbine unit
to a phase 2 investigation.
    EDF had said it would buy the turbine unit from GE as the
state-owned utility firm seeks to bundle nuclear activities
deemed as strategic in France's new push for multi-billion
investments into new reactors.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Shailesh Kuber)
 ((Chandini.M@thomsonreuters.com; +918061822697;))