Latest news with #Dalkia
Bloomberg
16-07-2025
- Business
- Bloomberg
EDF Is Said to Weigh Options for Selling District Heating Business Dalkia
Electricite de France SA is weighing options that include selling some or all of its French district heating and cooling business as the utility focuses on fortifying its nuclear fleet and the power grid, people familiar with the matter said. The state-owned company likely will invite banks to pitch for advisory roles regarding a potential sale of Dalkia after the summer, the people said, asking not to be identified because the discussions are private.
New Straits Times
25-06-2025
- Business
- New Straits Times
EDF weighs asset sales amid greater push for nuclear energy, FT reports
KUALA LUMPUR: French state-owned utility EDF's new chief is considering selling some assets as part of a portfolio review aimed at meeting government demands to ramp up investment in new nuclear reactors, the Financial Times reported on Wednesday. Dalkia and Edison are among the business units that could be sold, the FT reported, citing people familiar with the matter. Renewable assets – except for EDF's hydraulic power projects – are also under consideration for divestment, it added. France is nuclear energy's most prominent proponent in Europe, sourcing around 70 per cent of its electricity from nuclear power. EDF's nuclear fleet alone accounts for about 70 per cent of the country's electricity supply. Bernard Fontana was nominated to be EDF's next chief executive officer in March after President Emmanuel Macron's administration lost patience with former chief Luc Remont over disagreements on electricity supply strategy and the financing of new, capital-intensive nuclear projects. Fontana has told insiders he wants to assess which assets are unprofitable or no longer aligned with the group's strategic priorities, the FT said, adding that asset sales may follow the review. However, he has not yet determined which parts of the business should be sold.
Reuters
25-06-2025
- Business
- Reuters
EDF weighs asset sales amid greater push for nuclear energy, FT reports
June 25 (Reuters) - French state-owned utility EDF's new chief is considering a sale of some assets as part of a review of the firm's portfolio in a bid to meet government demands to spur investments in new nuclear reactors, the Financial Times reported on Wednesday. Dalkia and Edison are among the business units that may be sold, the FT reported, citing people familiar with the situation. Renewable assets, with the exception of EDF's hydraulic power projects, are also being considered for sale, it added. France is nuclear energy's main champion in Europe as it gets around 70% of its energy from the source. EDF's nuclear fleet produces about 70% of France's electricity. Bernard Fontana was nominated to be the next CEO of EDF in March, after President Emmanuel Macron's government lost patience with former chief Luc Remont due to differences over how to provide power and build new capital-intensive nuclear reactors. Fontana has told insiders that he wanted to assess which assets are not profitable or do not fit with the energy group's strategic priorities, the FT reported, adding that the sale could come after the review, although he has not yet concluded which parts of the business should be sold off. EDF did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the report.
Yahoo
25-06-2025
- Business
- Yahoo
EDF weighs asset sales amid greater push for nuclear energy, FT reports
(Reuters) -French state-owned utility EDF's new chief is considering a sale of some assets as part of a review of the firm's portfolio in a bid to meet government demands to spur investments in new nuclear reactors, the Financial Times reported on Wednesday. Dalkia and Edison are among the business units that may be sold, the FT reported, citing people familiar with the situation. Renewable assets, with the exception of EDF's hydraulic power projects, are also being considered for sale, it added. France is nuclear energy's main champion in Europe as it gets around 70% of its energy from the source. EDF's nuclear fleet produces about 70% of France's electricity. Bernard Fontana was nominated to be the next CEO of EDF in March, after President Emmanuel Macron's government lost patience with former chief Luc Remont due to differences over how to provide power and build new capital-intensive nuclear reactors. Fontana has told insiders that he wanted to assess which assets are not profitable or do not fit with the energy group's strategic priorities, the FT reported, adding that the sale could come after the review, although he has not yet concluded which parts of the business should be sold off. EDF did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the report.
