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France fully nationalises debt-laden nuclear power group EDF, after its record loss last year

 EDF quits Paris stock exchange after full nationalisation. French nuclear
power group EDF (EDF.PA) returns to full state ownership on Thursday with
its de-listing from the Paris stock exchange after it suffered a record
loss last year and saw nuclear output fall to a 34-year low.

The government launched a buyout for the 16% stake it did not already own in EDF in late
2022, stumping up around 10 billion euros ($10.9 billion) to take full
control of the debt-laden operator of Europe’s largest fleet of nuclear
power plants.

 Reuters 8th June 2023

https://www.reuters.com/business/energy/french-utility-giant-edfs-history-2022-07-08

June 10, 2023 - Posted by | business and costs, France

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