Sources familiar with the matter have told Bloomberg News that LS Power LLC is in advanced negotiations to acquire Electricite de France SA's North American renewables unit for in excess of €4 billion, which is equivalent to about $4.7 billion. The discussions are described as progressing, and those people said a transaction could be announced within days or possibly next week.
Those close to the talks cautioned that the timeline is not fixed. They said negotiations are ongoing and that the process could extend past the current expectations or ultimately not produce a deal. The individuals asked to remain anonymous because the deliberations are confidential.
Representatives for the two companies have not offered public detail. A spokeswoman for EDF said the firm could not comment on an ongoing process. A spokesperson for LS Power declined to comment.
The reported takeover interest is occurring against a backdrop of rising energy demand tied in part to the needs of data centers. That factor was cited in the reporting as a context for the acquisition discussions.
Context and implications
- The potential transaction would transfer EDF's North American renewables assets to a U.S. private company, if completed.
- The timing of any announcement remains uncertain - sources indicate it could happen very soon, but also note it could be delayed or collapse.
What is known and what is not
- Known - Parties reportedly in advanced talks, reported price guidance of more than €4 billion, possible near-term announcement window, and that both companies declined to comment publicly on the process.
- Not known - Specific asset lists, transaction structure, financing details, and definitive closing timeline - these items were not provided in the reporting.
This article reports the details that have been publicly attributed to people familiar with the negotiations and official comments from company representatives. It does not introduce or infer details beyond those statements.