PARIS/NEW YORK: Electricite de France SA (EDF) unveiled a US$6.5bil deal to buy 50% of Constellation Energy Group’s nuclear assets and some other assets in an attempt to torpedo a rival bid from Warren Buffett.
The proposed offer would give EDF, the world’s largest nuclear utility, a solid foothold in the United States, the world’s biggest nuclear energy market, and represents a major plank of its global expansion strategy.
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