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France working out how to save debt-laden nuclear company EDF

 France is considering restructuring plans for debt-laden power firm EDF
(EDF.PA) that include full nationalisation followed by the sale of its
renewables business to focus on nuclear energy, BFM Business reported,
citing unidentified sources.

The website said the government was working
with investment bank Goldman Sachs on several restructuring scenarios. The
sale of the renewables business could fetch 15 billion euros ($16 billion),
it cited unidentified bankers as saying, adding that could help finance the
building of six next-generation EPR nuclear reactors.

 Reuters 13th April 2022

https://www.reuters.com/business/energy/frances-edf-could-sell-renewables-focus-nuclear-bfm-2022-04-13/

April 14, 2022 - Posted by | business and costs, France, politics

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