Studsvik sells its Waste Treatment operations to EDF
Studsvik AB (publ) has today signed an agreement to divest its Waste Treatment business and facilities in Sweden and the UK to EDF Développment Environnement SA, a 100 % subsidiary of EDF SA. The purchase price on a debt free basis is SEK 355 million, subject to certain closing adjustments. The transaction will generate a positive cash flow effect of approximately SEK 225 million and affect net profit by approximately SEK 115 million.The Waste Treatment business is world leading in low level radioactive waste treatment, with a strong customer base in Europe. Its mission is to provide