EDF acquires Studsvik’s nuclear waste treatment business
EDF Développement Environnement SA, a wholly-owned subsidiary of the French Government controlled power company EDF SA, has signed an agreement with Studsvik AB (publ) to acquire Studsvik’s nuclear waste treatment business and facilities in Sweden and the UK. Completion of the transaction is conditioned upon necessary permits and approvals being granted by the Swedish Government and other relevant authorities. As part of the transaction, EDF and Studsvik have agreed to collaborate in the areas of nuclear decommissioning and waste management.
EDF is the world’s largest producer of electricity, with operations reaching from energy generation to trading and transmission grids. The group owns and operates 73 nuclear power plants in France and the UK, and its operations cover the entire nuclear life cycle, from new build to decommissioning.
EDF was advised by Mannheimer Swartling in cooperation with Hogan Lovells in Paris as to legal matters. The firm’s team engaged transaction lawyers and specialists at the offices in Gothenburg and Stockholm and was led by Martin Ericsson and Emma Olnäs Fors, primarily assisted by Viktor Nykvist (M&A) and Linnéa Kallhed (real property law). Felicia Ullerstam, primarily assisted by Josefin Ohlson and Philip Herrström, from the firm’s environmental law group advised on regulatory