nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

French government moves to fully nationalise the nuclear industry

The French state acquired enough EDF shares on the market to start
squeeze-out proceedings as it fully nationalises the nuclear energy giant,
the finance ministry said on Friday.

The government now holds 92.71% of
voting rights in EDF, the ministry said, marking the successful end of the
full takeover proceedings, launched by President Emmanuel Macron’s
government last summer, which cost Paris some $10 million.

Debt-laden EDF, Europe’s biggest nuclear power operator, runs France’s nuclear reactor
fleet, some hydropower plants and other production sites and supplies
millions of households with electricity. Its de-listing from the Paris
stock market will be the end of an era for the utility which was partially
privatised in 2005, when a chunk of its share capital was floated at 33
euros ($35.82) a share.

Reuters 20th Jan 2023

https://www.reuters.com/article/edf-nationalisation/update-1-france-now-holds-over-90-in-edf-allowing-for-squeeze-out-ministry-says-idUSL1N3451XR

Advertisement

January 23, 2023 - Posted by | France, politics

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: