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French company EDF fined – it spread false information on cost of Hinkley nuclear power project

Bunham-on-sea.com 1st Aug 2020, The French market watchdog has levelled a £4.5m fine against energy giant
EDF for misleading investors about the cost of the Hinkley Point C nuclear
project. Regulators say the French state-owned energy company spread
“false information” about its agreement with the Government to build
the nuclear plant near Burnham-On-Sea.

AMF, France’s financial markets
authority, says the company may have set EDF’s share price “at an
abnormal or artificial level” by claiming in a news release dated October
2014 that the terms of its deal with the UK government were “unchanged”
from the 2013 agreement.

https://www.burnham-on-sea.com/news/hinkley-point-c-french-watchdog-fines-edf-4-5m-for-false-claims-over-costs/

August 3, 2020 - Posted by | secrets,lies and civil liberties, UK

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