EDF: Agreement to sell North American activities to KKR

EDF has signed an agreement to sell its EDF Power Solutions business in the United States and Canada to KKR. This transaction values the business at approximately $4.2 billion, with potential earn-outs totaling $0.39 billion. EDF will thus benefit from a net reduction of $5.5 billion in its financial debt. The completion of this sale is subject to obtaining the necessary regulatory approvals and could take place in the second half of 2026.

Bernard Fontana, CEO of EDF, indicates that the operation is part of the group's portfolio rotation strategy. The objective is to strengthen EDF's financial capacity to invest in low-carbon solutions in its key sectors: nuclear, hydroelectric, and renewable energies.