Advising the French State on the proposed sale of part of GE Steam Power’s nuclear business to EDF

De Pardieu Brocas Maffei has advised the French State on the signature of an Exclusive Agreement to acquire part of GE Steam Power’s Nuclear Activities.

The proposed transaction includes GE Steam Power’s conventional island equipment for new nuclear power plants—including the world’s most powerful steam turbine in operation, the Arabelle turbine, as well as maintenance and upgrades for existing nuclear power plants.

The transaction would also include steam turbine technology for future nuclear plants, like the next generation of European pressurized reactors (EPR2) and small modular reactors (SMR).

The transaction is expected to close in the first half of 2023.