Last month, Constellation agreed to sell its 50 percent stake in Unistar Nuclear Energy to EDF for $140 million, giving EDF sole ownership of the joint venture and its plans to develop a third unit at Calvert Cliffs in Southern Maryland.
The deal called for EDF to transfer 3.5 million shares it owns, valued around $110 million, to Constellation and give up its seat on the Constellation board. EDF designee Samuel Minzberg has resigned. More at:
http://www.baltimoresun.com/business/bs-bz-constellation-edf-deal-closes-20101104,0,5438442.story
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