EDF's Acquisition of GE's Nuclear Steam Power Business Faces Probe by UK Regulator
06 Abril 2023 - 4:01AM
Dow Jones News
By Giulia Petroni
The U.K. Competition and Markets Authority has launched a merger
inquiry into the acquisition by Electricite de France SA of General
Electric Co.'s nuclear steam power business for competition
concerns.
The regulator, also known as CMA, said Thursday that it is
considering whether the merger could result "in a substantial
lessening of competition within any market or markets in the U.K.
for goods or services."
It has until June 8 to reach its so-called phase 1 decision, or
to assess whether there's a reasonable belief justified by relevant
facts that a merger will lessen competition substantially,
according to the authority.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 06, 2023 02:46 ET (06:46 GMT)
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