Belgian State and ENGIE Extend Nuclear Talks Deadline

The Belgian State and ENGIE Group, along with Electrabel NV/SA, have announced an extension to the deadline for concluding the Heads of Terms (HoT) regarding the potential acquisition of nuclear activities. The new target date is set for 12 December 2026. This extension stems from the complexity and scope of the transaction.

Despite recent progress in discussions, significant differences remain, notably concerning the transaction's valuation. Additional time is deemed necessary to bridge these gaps and reach a mutual agreement. The extension allows one more month for both parties to continue their negotiations and reconcile their positions.

This decision follows an in-depth dialogue since the Letter of Intent was issued on 29 April 2026, highlighting the intricate nature of the issues at stake.