.
MergerLinks Header Logo

New Deal


Announced

Completed

Exelon completed the acquisition of a 50% stake in Constellation Energy Nuclear Group from EDF for $885m.

Financials

Edit Data
Transaction Value£636m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Disposal

Friendly

Private

Single Bidder

Renewable Energy Equipment

United States

Renewable Energy Project Development

Majority

Completed

Domestic

Synopsis

Edit

Exelon, the largest American producer of carbon-free energy, completed the acquisition of a 50% stake in Constellation Energy Nuclear Group, a firm which generates and distributes nuclear energy, from EDF, a French electric utility company, for $885m. "Since Exelon Generation took over operations, we have created value for both Exelon and EDF by integrating the three plants into the nation’s largest and best-run nuclear fleet. Leveraging the Exelon management model, we’ve improved overall fleet performance and efficiency while reducing costs in a challenging market environment. We have worked collaboratively with EDF leadership as co-owners of these three nuclear plants and look forward to partnering with them in a productive process to purchase their ownership stake,” Chris Crane, Exelon President, and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US