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    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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EDF in Talks With GE Over Nuclear Activities -- Update

09/22/2021 | 07:56am EDT

By Joshua Kirby

Electricite de France SA and General Electric Co. said Wednesday that they are in preliminary discussions over a transaction involving GE's nuclear activities, but that no outcome is certain.

French media last month reported that EDF was set to make a bid for GE's nuclear activities, grouped under GE Steam Power and located principally in Belfort in eastern France.

The French utility said it continually assesses its strategic options and that its U.S. peer is a key partner in the nuclear business.

"EDF is currently analyzing conditions under which the interests of the EDF Group would be best served," the company said, adding that the outcome of the discussions isn't certain.

A spokesperson for GE confirmed the talks relating to part of GE Steam Power, adding that the company won't comment further until matters reach a stage where engagement with employees or employee representatives become appropriate.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

09-22-21 0755ET

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 2.48% 12.81 Real-time Quote.-3.06%
GENERAL ELECTRIC COMPANY 0.12% 104.36 Delayed Quote.20.51%
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Analyst Recommendations on ELECTRICITÉ DE FRANCE
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Financials
Sales 2021 73 501 M 85 600 M 85 600 M
Net income 2021 4 313 M 5 023 M 5 023 M
Net Debt 2021 50 981 M 59 373 M 59 373 M
P/E ratio 2021 9,49x
Yield 2021 4,33%
Capitalization 39 462 M 45 791 M 45 958 M
EV / Sales 2021 1,23x
EV / Sales 2022 1,17x
Nbr of Employees 161 203
Free-Float 14,9%
Chart ELECTRICITÉ DE FRANCE
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Electricité de France Technical Analysis Chart | EDF | FR0010242511 | MarketScreener
Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 12,50 €
Average target price 14,95 €
Spread / Average Target 19,6%
EPS Revisions
Managers and Directors
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Christophe Salomon Group Chief Information Officer
Laurence Parisot Independent Director
Claire Pédini Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ELECTRICITÉ DE FRANCE-3.06%45 791
NATIONAL GRID PLC4.73%44 942
SEMPRA0.78%40 689
ENGIE-7.35%32 531
E.ON SE16.46%31 937
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED5.88%31 209