U.S. private capital giant Apollo to supply £4.5 billion loan to UK nuclear project

The American APOLLO asset management giant is expected to provide a loan of 4.5 billion pounds Sterling ($ 6 billion) to assume a deficit in the United Kingdom Hinkley Point.

The agreement was reported for the first time by the Financial time Friday and supported by two sources addressing CNBC under the cover of anonymity due to the sensitivity of the question.

The construction of the Hinkley Point C factory, the first nuclear power plant to be built in Britain for decades, has been delayed several times and swollen in the budget.

Apollo will provide a set of non -guaranteed debt financing in terms of investment for the project at an interest rate of less than 7%, said a source.

EDF, the owner of the majority of Hinkley and Hinkley, refused to comment.

The agreement would be among the largest private capital investments in a project of British national interest.

A source told CNBC that Apollo has “bypassed” an opportunity for several weeks and has been “deeply in talks with EDF”.

This is a news and will be updated shortly.

– Lily Meckel of CNBC contributed the reports.