Oct 13, 2022ACQUISITIONeastern France, France EDF nearing deal to acquire GE's nuclear turbine unit at reduced price
EDF is renegotiating the purchase of General Electric's nuclear turbine business (Arabelle steam turbine) at a reduced price, with an enterprise value originally set at $200 million expected to be 10-20% lower. EDF also plans to invest EUR 800 million in the project.
Productsnuclear steam turbines (Arabelle)
“EDF expects to close the deal soon as part of a transaction that will shave 10-20% off the enterprise value, originally set to USD 200m.”energywatch.com
- 6 sources
- energywatch.comEDF nearing bargain price for GE's nuclear turbine makerOct 13, 2022
- capital.bgEDF ще купи производителя на турбини за ядрени реактори Arbelle от General ElectricТодор ШишковOct 17, 2022
- gevernova.comGE and EDF sign a binding agreement related to EDF’s acquisition of GE Steam Power’s nuclear activities | GE Vernova NewsNov 4, 2022
- energyintel.comEDF Concludes Discounted Nuclear Turbine Deal with GE | Energy IntelligenceAuthor Jessica Sondgeroth, Washington Editor Phil ChaffeeNov 4, 2022
- france3-regions.franceinfo.fr
Summarized from public sources; check the original articles before acting on it.
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