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On September 27, 2024, Bridgewater, England, cranes surrounding one of two reactors to be built in Hinkley Point C.
Anna Barclay | Getty Images | Gets the image
The US APOLLA asset asset management giant intends to provide a £ 4.5 billion loan to connect the lack of nuclear project in the UK Hinkley Point.
The transaction first reported Financial times On Friday, it is supported by two sources talking to CNBC provided anonymity with the sensitivity of this issue.
Construction of the Hinkley Point C plant, the first nuclear power plant to be built in Britain for decades, has been tightened several times and reached in the budget.
Apollo will provide an investment, unsecured debt financing package for the projects at an interest rate below 7%, the source said.
The owner of most Apollo and Hinkley Point refused to comment.
The transaction would be one of the largest private capital investments in the UK national interests.
One of the sources told CNBC that Apollo “circled the” deal for a few weeks and “deep in the negotiations with EDF”.
This news story and will soon be updated.
– Lily Mekel CNBC has reported.
