By Nick Kostov and Inti Landauro

PARIS--Electricite de France SA said Wednesday that it's entered into exclusive talks with IFM Investors and EPH to sell its Polish assets.

The French utility company said it was negotiating the sale of its electricity and heat activities in Poland to IFM Investors. In a separate sales process, it's looking to sell its coal-fired Rybnik power plant to EPH, an investment firm controlled by Petr Kellner, one of Czech Republic's wealthiest citizens.

The two sales processes should be completed in the first half of next year, EDF said.

EDF has embarked on a broad program of asset sales to finance projects deemed priorities by the French government. EDF, which is more than 80% owned by the French state, is investing in a majority stake in nuclear reactor manufacturer Areva NP and has agreed to build a 18 billion-pound ($22 billion) nuclear project at Hinkley Point in the U.K.

The company said it would maintain a presence in Poland through its subsidiaries EDF Energies Nouvelles and Dalkia.

Write to Nick Kostov at nick.kostov@wsj.com;Inti Landauro at inti.landauro@wsj.com

(END) Dow Jones Newswires

October 26, 2016 03:45 ET (07:45 GMT)