Following KKR’s unilateral offer to purchase and the approval by the relevant governance bodies, the EDF group has signed an agreement to sell to KKR the operations and assets of EDF power solutions in the United States (EDF power solutions Inc.) and Canada (EDF power solutions Canada Inc.).
This transaction values EDF power solutions’ operations in the United States and Canada at approximately $4.2 billion, with potential additional payments of up to $0.39 billion. It will reduce net financial debt by around $5.5 billion.
The sale, subject to obtaining the necessary regulatory approvals, is expected to close during the second half of 2026.
Bernard Fontana, Chairman and Chief Executive of EDF, said: “This transaction forms part of the Group’s portfolio rotation strategy. The aim is to maximise EDF’s financial capacity in order to roll out new, competitive, low-carbon solutions across the Group’s operational excellence activities: nuclear power, hydroelectricity and renewables.”