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Article: Constellation Energy and EDF Group Enter Definitive Investment Agreement.
- Article from:
- Business Wire
- Article date:
- December 17, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EDF Development Inc. to acquire 49.99 percent interest in Constellation Energy's nuclear generation and operation business for $4.5 billion
Agreement includes immediate $1 billion cash investment in Constellation Energy and option to sell to EDF Development Inc. up to $2 billion of non-nuclear generation assets
Constellation Energy to remain independent publicly traded company
Investment by EDF Development Inc. enhances Constellation Energy's long-term stability and liquidity position
Transaction extends EDF Group's nuclear expertise in U.S.
Transaction expected to close in six to nine months
BALTIMORE & PARIS -- ...