# UK’s competition watchdog to examine EDF buying GE’s nuclear turbine unit
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-03-27
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: UK Anti-Trust Regulator Investigates FDF's Acquisition
Meta Description: The UK's Competition and Markets Authority is examining competition concerns over FDF's potential purchase of GE's nuclear turbine unit in Franc
URL: https://fintechherald.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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