Deals
EDF Said to Be Ready to Buy Areva Nuclear, Engineering Units
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Electricite de France SA is prepared to acquire the nuclear-reactor and engineering businesses of Areva SA under a government-backed plan to shore up the unprofitable company, according to people with knowledge of the matter.
EDF is close to proposing the purchase to Areva, said the people, who asked not to be identified because the details are private. Areva NP, the reactors and services division, may be valued at 1.5 billion euros ($1.7 billion) to 3 billion euros, while the engineering business could fetch about 300 million euros, they said.