British Antitrust Regulator Notices GE-EDF Nuclear Turbine Deal: Report

March 27, 2023 9:40 AM | 1 min read |

The proposed purchase by Électricité de France SA ECIFY of the nuclear steam power division held by General Electric Company GE has attracted the attention of the U.K. competition watchdog.
According to a statement by the British antitrust agency, the transaction is expected to raise concerns about competition, reported Reuters.
Related: GE Agrees To Sell Part Of Steam Power's Nuclear Activities To EDF
The report added that, before opening a formal inquiry, the Competition and Markets Authority (CMA) had invited preliminary feedback on the deal's possible effects in the U.K. from interested parties.
Price Action: GE shares are trading higher by 1.54% at $92.72 on the last check Monday.

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