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France’s nuclear merger: European watchdog to approve deal

31/05/2017

FOREIGNBRIEF

The European Commission will decide whether to approve a deal that would see electricity giant EDF acquire a controlling interest in part of Areva, a company that designs and manufactures nuclear reactors. Both firms are majority-owned by the French government. The European Commission’s competition watchdog is concerned that the deal might impact pricing and innovation—particularly if an EDF-owned Areva decides to stop selling its highly complex and difficult to replicate parts to external companies.

 

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