Elecricite de France, a French electric utility company, completed the acquisition of 75.5% stake in a reactor division of AREVA, a French multinational group specializing in nuclear power and renewable energy, for €2.5bn. “The signing of these definitive agreements marks the culmination of more than two years of work to implement the refounding of the French nuclear industry, with EDF at the head. The integration of “New NP” within the EDF group starting on 1 January 2018 will help our industry increase in performance and efficiency in the implementation of major projects such as the “Grand Carénage”, and become more competitive in the construction of new nuclear power plants as many countries recognize the key role of nuclear energy in the transition towards low-carbon power generation," Jean-Bernard Lévy, EDF Chairman and CEO.