Belgian nuclear power plant acquisition negotiations extended to December 12, value disagreements remain

Belgium and Engie ($ENGI) extended to Dec. 12 their target date for agreeing key terms on the government's purchase of Engie's full nuclear business, including subsidiary Electrabel, after saying talks had progressed but valuation gaps remain substantial. The date is a goal for setting core deal conditions, not for signing the acquisition contract, and the joint statement disclosed neither a purchase price nor either side's valuation. The three parties signed a letter of intent on April 29 and entered exclusive negotiations over a possible state takeover of the entire nuclear unit. Valuation remains the main obstacle, and the absence of disclosed figures leaves the deal's size unclear. Watch whether the Dec. 12 target yields agreed terms or a further extension, and whether either side eventually discloses valuation figures.