EDF CEO: Constellation Deal Should Be Completed By End Of 3Q
20 May 2009 - 11:45PM
Dow Jones News
Electricite de France SA's (EDF.FR) deal to buy half of U.S.
partner Constellation Energy Group Inc.'s (CEG) nuclear assets
should be completed before the end of September, Chief Executive
Pierre Gadonneix said Wednesday.
EDF should be able to lift all the conditions to which the deal
is subject to "definitely" achieve the deal before the end of the
third quarter, Gadonneix said at the company's annual general
meeting of shareholders.
EDF agreed in December to buy half of Constellation Energy Group
Inc.'s (CEG) nuclear power business for $4.5 billion. EDF plans to
build new nuclear plants with Constellation in the U.S.
-By Adam Mitchell, Dow Jones Newswires; +33 1 40171756;
adam.mitchell@dowjones.com