EDF Trading sells its North American retail business to BP
EDF Trading Limited, a wholly-owned subsidiary of EDF S.A., has entered into a binding share purchase agreement with BP to sell 100% of EDF Energy Services LLC (EDFES), the retail business of EDF Trading North America.
EDFES is a fast growing successful business which provides a wide range of services including power and
natural gas supply, renewable products and energy portfolio optimization to customers across North America.
It consistently ranks amongst the top suppliers to commercial and industrial customers every year.
“This is a new chapter for the EDF Energy Services team and I wish the business continued success”, said
Béatrice Bigois, Chief Executive of EDF Trading.
Completion of the transaction is subject to the satisfaction of certain regulatory approvals.
This transaction is part of EDF’s 3bn€ disposal plan as announced in February 2022 and is expected to close
by the end of the year.
EDF Trading’s business in Europe, Asia and its wholesale trading business in North America remain unaffected
by the agreement.
For further information, please contact:
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232