EDF to Sell Power Solutions in North America to KKR

EDF has signed an agreement to sell its EDF power solutions operations in the United States and Canada to KKR. The transaction values these operations at approximately $4.2 billion, with potential additional payments reaching $0.39 billion. Once completed, this sale is expected to reduce EDF's net financial debt by around $5.5 billion.

The deal follows KKR’s unilateral offer and is subject to necessary regulatory approvals. It is anticipated to close in the second half of 2026. EDF's Chairman and CEO, Bernard Fontana, stated that the sale is part of a broader portfolio rotation strategy aimed at maximizing financial capacity for deploying low-carbon solutions in nuclear power, hydroelectricity, and renewables.