EDF Wants to Review Price of Nuclear Deal With GE Due to War, Les Echos Reports

--Electricite de France SA wants to renegotiate the price of a deal to buy part of General Electric Co.'s nuclear-power activities, French business newspaper Les Echos reports, citing unnamed sources.

--Two-thirds of the orders booked for the Arabelle turbine, one of the assets being bought by the French energy company in a deal inked earlier this year, come from Russian state-owned Rosatom, which has seen a contract from Finland get cancelled due to the war, Les Echos reports.

--More Rosatom contracts in Hungary or Egypt could be at risk or delayed, prompting EDF to seek a review of the initial price of the deal, estimated to be around 1 billion euros ($1.07 billion), according to Les Echos.

Full story: https://bit.ly/3zf7qrC

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(END) Dow Jones Newswires

06-02-22 0614ET