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France’s costly nationalisation of the nuclear industry

 The French government is poised to pay nearly €10bn (£8.5bn) to fully
nationalise EDF as ministers attempt to tackle the European energy crisis.
The French finance ministry said on Tuesday it had offered €9.7bn or
€12 a share to buy the 16% of debt-laden EDF it does not already own. The
government of the French prime minister, Elisabeth Borne, government is
trying to shore up domestic energy supplies amid concerns over the finances
of the energy company, which is also building the Hinkley Point C nuclear
power station in Somerset.

 Guardian 19th July 2022

https://www.theguardian.com/business/2022/jul/19/france-to-pay-nearly-10bn-to-fully-nationalise-edf

July 19, 2022 - Posted by | business and costs, politics, UK

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