EU Okays EDF Takeover of Areva
EU Okays EDF Takeover of Areva

EU Okays EDF Takeover of Areva

EU Okays EDF Takeover of Areva

EU anti-trust regulators cleared the buyout of Areva’s troubled state-owned nuclear reactor business by EDF, the electricity supplier also owned by the French state, AFP reported. Problem-prone Areva, which is 87% owned by the French state, has faced severe difficulties since 2011, when the Fukushima disaster in Japan called nuclear power generation into question. In April, Paris notified the EU Commission of a big restructuring plan to save the national champion that included a previously approved €4.5 billion ($4.75 billion) payout from public coffers. “The European Commission has approved EDF’s proposed takeover of New NP, the Areva Group’s nuclear reactors business, under the EU merger regulation,” said an official statement.

Short URL : https://goo.gl/G5meV0
  1. https://goo.gl/JIvPxJ
  • https://goo.gl/o3z0jh
  • https://goo.gl/3dS4zB
  • https://goo.gl/lcfcBI
  • https://goo.gl/CfGJbt

You can also read ...

IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.