EDF:EDF completes sale of its interest in CENG
09 Agosto 2021 - 8:00AM
EDF:EDF completes sale of its interest in CENG
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Press release9 August 2021 |
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EDF completes sale of its interest
in CENG
EDF announces it has completed today the sale of
its 49.99% interest in Constellation Energy Nuclear Group, LLC
(“CENG”) to its joint venture partner, Exelon Generation, LLC
(“Exelon”). The sale is pursuant to a Put Agreement entered
into by EDF and Exelon in April 2014[1], in which Exelon granted to
EDF the right to sell its interest to Exelon at fair market value.
EDF exercised the put option in January 2020[2].
The purchase price for EDF’s interest in CENG is
$885 million and the proceeds were received by EDF on August
6th.
The transaction is part of EDF’s previously
announced disposal plan.
1. Cf. EDF Press Release April 1st
2014 "EDF and Exelon finalize agreement on CENG"2. Cf. EDF
Press Release November 20th 2019 "EDF notifies the exercise of its
put option on its participation in CENG"
This press release is certified. You can
check that it’s genuine at
medias.edf.com
About EDF
As a major player in energy transition, the EDF
Group is an integrated energy company active in all businesses:
generation, transmission, distribution, energy trading, energy
sales and energy services. EDF group is a world leader in
low-carbon energy, having developed a diverse production mix based
mainly on nuclear and renewable energy (including hydropower). It
is also investing in new technologies to support energy transition.
EDF’s raison d’être is to build a net zero energy future with
electricity and innovative solutions and services, to help save the
planet and drive well-being and economic development. The Group is
involved in supplying energy and services to approximately 37.9
million customers (1), of whom 28.7 million in France (2). It
generated consolidated sales of €69.0 billion in 2020. EDF is
listed on the Paris Stock Exchange.
(1) Since 2018, customers are counted per
delivery site. A customer can have two delivery points: one for
electricity and another one for gas. (2) Including
ÉS (Électricité de Strasbourg).
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Only print this
message if absolutely necessary. EDF SA French societe
anonymeWith a share capital of 1 578 916 053.50
eurosRegistered lead office: 22-30, avenue de Wagram 75382 Paris
cedex 08552 081 317 R.C.S. Paris www.edf.fr |
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CONTACTS Press: +33 (0) 1 40 42 46
37 Analysts and Investors: +33 (0) 1 40 42 40 38 |
- PR_EDF completes sale of its interest in CENG