EDF acquisition of Areva NP

Overview:

• French energy company EDF has signed a contract to purchase at least 51% of the reactor business of nuclear and renewable energy company Areva, Areva NP. 
• EDF will control the new company, known as New NP. 
• EDF will acquire a stake of up to 75% in New NP and strategic investors will be able to take minority stakes. 
• The sale price for 100% of the equity value of New NP amounted to €2.5 billion. 
• The plan was backed by the French government as part of a wider plan to rejuvenate the nuclear industry in the country. 
• The transaction is likely to conclude in the second half of 2017. 

John Crabb - Journalist