The European Commission has approved EDF’s proposed takeover of New NP, the Areva Group’s nuclear reactors business, under the EU Merger Regulation. The Commission has concluded that the transaction would not raise competition concerns. EDF plans to acquire between 51 % and 75 % of the capital of ‘New NP’ which houses the Areva Group’s nuclear reactors business. The two companies operate in the energy sector. EDF is the largest nuclear power plant operator in the EU, while New NP focuses on the design and supply of nuclear reactors and equipment, fuel assemblies, control systems and services to nuclear power plants. Although their activities do not overlap, the two companies are major players in the nuclear industry, the one as a supplier and the other a customer.
European Commission 29th May 2017 read more »
Energy Business Review 30th May 2017 read more »