EDF Energy acquires GE Oil & Gas Marine & Industrial UK and GE Steam Power

EDF Energy Holdings Ltd, via its subsidiary GEAST UK Ltd, will acquire GE Oil & Gas Marine & Industrial UK Ltd and GE Steam Power Ltd, increasing its shareholding to 75% or more. The acquisition is subject to a Final Order under the National Security and Investment Act.

“The Secretary of State considers that a risk to national security will arise because of the critical national security and defence capabilities relating to naval propulsion systems.”gov.uk

• 1 source
• gov.ukAcquisition of GE Oil & Gas Marine & Industrial UK Ltd and GE Steam Power Ltd by EDF Energy Holdings Ltd via its wholly owned subsidiary, GEAST UK Ltd: notice of Final Order - GOV.UKCabinet OfficeAug 7, 2023

Summarized from public sources; check the original articles before acting on it.