Sale to French Will Boost U.K. Nuclear Construction
Four new nuclear units will be constructed next to existing plants in the U.K. following the anticipated closing before the year’s end on the agreed acquisition of British Energy Group by EDF Group, Paris.
Subject to shareholder and regulatory approval, the $23.3-billion deal will put the U.K.’s eight operational nuclear powerplants under French government control. The U.K. government has agreed to sell its 36% of British Energy.