General Electric Co.

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Mergers / Acquisitions

GE, EDF Sign Binding Agreement For EDF's Acquisition Of GE Steam Power's Nuclear Activities

Published: 11/04/2022 17:17 GMT
General Electric Co. (GE) - Edf and GE Sign a Definitive Agreement for the Acquisition by Edf of GE Steam Power's Nuclear Business.
Signed Deal With GE for Acquisition of GE Steam Power Unit.
Acquisition, Which is Expected to Be Completed in Second Half of 2023, May Be Completed After Usual Conditions Precedent Have Been Met, Including Obtaining of Necessary Regulatory Approvals.
Conclusion of This Final Agreement Follows the Exclusivity Agreement Concluded Between Edf and GE on 10 February 2022.
Business Activities of the Unit Will Help Equip Next Generation of Nuclear Reactors, Including Arabelle Turbines.