EDF in Talks With GE Over Nuclear Activities -- Update
September 22 2021 - 8:10AM
Dow Jones News
By Joshua Kirby
Electricite de France SA and General Electric Co. said Wednesday
that they are in preliminary discussions over a transaction
involving GE's nuclear activities, but that no outcome is
certain.
French media last month reported that EDF was set to make a bid
for GE's nuclear activities, grouped under GE Steam Power and
located principally in Belfort in eastern France.
The French utility said it continually assesses its strategic
options and that its U.S. peer is a key partner in the nuclear
business.
"EDF is currently analyzing conditions under which the interests
of the EDF Group would be best served," the company said, adding
that the outcome of the discussions isn't certain.
A spokesperson for GE confirmed the talks relating to part of GE
Steam Power, adding that the company won't comment further until
matters reach a stage where engagement with employees or employee
representatives become appropriate.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
September 22, 2021 07:55 ET (11:55 GMT)
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