France's EDF agrees 4.5-bln-dlr deal to buy US nuclear assets

CIVIL NUCLEAR

by Staff Writers
Paris (AFP) Dec 17, 2008
US energy firm Constellation Energy has accepted a 4.5-billion-dollar (3.15-billion-euro) offer from French giant EDF for a 49.99 percent stake in its nuclear power business, the companies said Wednesday.

The decision was a blow for renowned US investment guru Warren Buffett, whose energy group MidAmerican had offered 4.7 billion dollars for the whole of the group.

A statement from the French firm said the deal would "enhance Constellation Energy's long-term stability and liquidity position" and extend "the EDF Group's nuclear expertise in the United States."

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CIVIL NUCLEAR

EU Support For Nuclear Fuel Bank Under IAEA Control

Washington DC (SPX) Dec 17, 2008
Speaking in Washington, Ambassador John Bruton, Head of the European Commission's Delegation to the USA, welcomed the statement by the Nuclear Threat Initiative (NTI) co-chairman, former Senator Sam Nunn on the importance of the EU's decision to join the USA, the UAE and Norway in funding an International Atomic Energy Agency (IAEA) nuclear fuel bank to ensure that member states in compliance with their non-proliferation obligations have reliable access to nuclear fuel reserves.

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