# UK’s competition watchdog to examine EDF buying GE’s nuclear turbine unit
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-27
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: UK Competition Watchdog Reviews FDF-GE Deal for Competition
Meta Description: UK's anti-trust regulator, CMA, is reviewing FDF acquiring GE's nuclear turbine unit in France for competition concerns. Get the latest updates.
URL: https://financedigest.com/uks-competition-watchdog-to-examine-edf-buying-ges-nuclear-turbine-unithtml

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(Reuters) – UK’s anti-trust regulator said on Monday it was looking into whether FDF’s proposed acquisition of General Electric Co’s France-based nuclear turbine unit could lead to competition concerns.

The Competition and Markets Authority (CMA) said it was inviting comments from the companies concerned related to the impact the deal could have on competition in the UK.

EDF had entered into an exclusive agreement with GE to buy part of GE’s Steam Power’s nuclear power activities, bringing together nuclear steam turbine technology and service expertise.

The GE unit, estimated to be [worth around $1 billion](https://www.financedigest.com/why-a-quiet-revolution-in-the-cloud-is-worth-billions.html "Why A Quiet Revolution In The Cloud Is Worth Billions") as per media reports, was owned by Alstom until 2015.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Savio D’Souza)


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