EDF nuclear turbine deal draws interest of UK competition watchdog


March 27 (Reuters) – Britain’s antitrust regulator said on Monday it was looking into whether the anticipated acquisition by Électricité de France SA (EDF.PA) of the nuclear steam power business owned by General Electric Co (GE.N) could lead to competition concerns.

The Competition and Markets Authority (CMA) invited initial feedback from interested parties on the potential impact of the deal in the UK, a preliminary step before a formal investigation.

Last year, state-owned EDF unveiled plans to acquire a local nuclear turbine unit from General Electric, as France pushed for multi-billion investments into new reactors.

Reporting by Aby Jose Koilparambil in Bengaluru and Pablo Mayo Cerqueiro in London; Editing by Amanda Cooper

Our Standards: The Thomson Reuters Trust Principles.

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