November 20, 2019 / 7:23 AM / 19 days ago

France's EDF to sell its stake in U.S. nuclear reactor firm CENG

PARIS (Reuters) - French state-controlled power group EDF (EDF.PA) said it would exercise an option to sell its 49.99% stake in CENG, which owns five nuclear reactors across three nuclear power plants in the United States.

“The disposal of CENG shares is part of the disposal plan of non-core assets announced by EDF Group,” added EDF in a statement on Wednesday.

U.S. company Exelon (EXC.O) owns the remaining 50.01% of CENG.

Reporting by Sudip Kar-Gupta; Editing by Mark Potter

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