Rolls-Royce Holdings PLC is in discussions with Framatome, which is controlled by Electricité de France SA, for the sale of its civil nuclear business division in France, Sky News reported, citing unnamed sources.
The deal would be worth about £100 million at close, Sky News said.
The aerospace and energy engineer had hired consultants from KPMG Accountants N.V. in March to find a buyer for the vast bulk of its nuclear division.
Rolls-Royce was unable to find a buyer who was willing to purchase its entire nuclear business, including operations in France and North America, and hence decided to sell them separately, Financial Times said citing people familiar with the situation.
The French division manufactures instruments and controls for reactor monitoring and the North American division performs predictive maintenance using data analytics, Financial Times said.
EDF-backed Framatome designs and supplies nuclear steam supply systems and nuclear equipment, services and fuel. Its other owners are Mitsubishi Heavy Industries Ltd. with a 19.5% stake and Assystem SA with 5%.
Rolls-Royce is also in discussions with a private equity firm from the U.S. to sell its division in the U.S., Sky News said, citing unnamed sources.
The company is not planning to divest its U.K. civil nuclear business, the news agency added, citing people close to the process.
The entire operations could go for £200 million, as reported in March.
