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France’s nuclear company EDF in trouble, and with election looming

MAXPPP OUT Mandatory Credit: Photo by LUDOVIC MARIN/POOL/EPA-EFE/Shutterstock (10695784ad) French President Emmanuel Macron takes part in a working session during the G5 Sahel Summit in Nouakchott, Mauritania, 30 June 2020. The leaders of the G5 Sahel West African countries and their ally France are meeting to confer over their troubled efforts to stem a jihadist offensive unfolding in the region, six months after rebooting their campaign in Pau, southwestern France. G5 Sahel Summit in Nouakchott, Mauritania – 30 Jun 2020

Emmanuel Macron facing the EDF and energy bomb. With the blocking of
regulated tariffs, to limit price increases to 4%. EDF will have to sell a
larger quantity of cheap nuclear electricity to its competitors. Panic wins
the company whose stock price has collapsed.

CEO Jean-Bernard Lévy has
just convened for Monday the “top 200”, the 200 highest executives of EDF.
We are already talking about a necessary recapitalization of EDF. Will the
state back to pot again? Or does the executive imagine calling on outside
investors? The question will be explosive three months before the
presidential election.

 La Tribune 14th Jan 2022

https://www.latribune.fr/economie/france/emmanuel-macron-face-a-la-bombe-edf-et-de-l-energie-902038.html

January 17, 2022 - Posted by | business and costs, France, politics

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