EDF to Take AREVA's Nuclear Business in $2.96 Billion Deal

GALWAY, IRELAND--August 4, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) France's State-owned utility Electricite de France (EPA:EDF) (EDF) (Paris) has confirmed that it is to purchase a controlling stake in the nuclear reactor business of struggling engineering giant AREVA S.A. (EPA:CEI) (Paris, France) in a deal worth 2.7 billion euro ($2.96 billion).