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Article: Constellation Divesting Assets - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- October 12, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Constellation Divesting Assets - Analyst Blog
Constellation Energy Group Inc.
(
CEG
) and EDF Development Inc. recently announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the investment structure and license transfer related to EDF’s investment in Constellation Energy Nuclear Group LLC.
EDF Development Inc. -- the wholly owned subsidiary of French energy major EDF S.A. -- is planning to acquire 49.99% stake in Constellation Energy’s nuclear assets for $4.5 billion. Subsequently, EDF’s interest in Constellation Energy Nuclear Group will be structured as a new joint venture between the companies.
The deal has received the ...