# UK’s competition watchdog to examine EDF buying GE’s nuclear turbine unit
Published: 2023-03-27
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: UK Regulator Investigates FDF's Acquisition of GE Nuclear Turbine Unit
Meta Description: CMA is reviewing if FDF's purchase of GE's nuclear turbine unit raises competition concerns. EDF and GE have an exclusive deal worth $1 billion.
URL: https://blockchaintribune.com/uks-competition-watchdog-to-examine-edf-buying-ges-nuclear-turbine-unit/

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(Reuters) – UK’s anti-trust regulator said on Monday it was looking into whether FDF’s proposed acquisition of General Electric Co’s France-based nuclear turbine unit could lead to competition concerns.

The Competition and Markets Authority (CMA) said it was inviting comments from the companies concerned related to the impact the deal could have on competition in the UK.

EDF had entered into an exclusive agreement with GE to buy part of GE’s Steam Power’s nuclear power activities, bringing together nuclear steam turbine technology and service expertise.

The GE unit, estimated to be worth around $1 billion as per media reports, was owned by Alstom until 2015.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Savio D’Souza)


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