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EDF Said Near to Agreeing Split of Dalkia Assets With Veolia

Electricite de France SA, the world’s biggest operator of nuclear reactors, and Veolia Environnement SA are near an agreement to split their Dalkia energy-services company, said people familiar with the matter.

EDF will take full control of Dalkia’s French activities, while Veolia gains the international operations and pays EDF 550 million euros ($758 million) to offset a valuation gap, said the people, who asked not to be identified discussing a private matter. EDF will also have a right of first refusal over any sale of Dalkia’s international assets over five years, one of the people said.