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EDF Warns of ‘Huge’ Contract Losses If Convicted in Paris Criminal Trial

  • EDF lawyer says probity conviction may affect Czech, UK deals
  • Ex-EDF CEO also tried alongside consultants including Messier

 At the heart of the trial is EDF’s former boss, Henri Proglio, who is suspected of
having set up the system to hire the consultants.

Electricite de France SA legal team warned at a Paris trial that the utility could end up losing
“huge contracts” abroad if convicted in a case over accusations it
favoured several consultants by awarding them advisory deals without
putting them up for tender.

The favouritism court case that began on
Tuesday centres on awards worth more than €20 million ($21.7 million)
given to 44 consultants, including the firm set up by former Vivendi SE
boss Jean-Marie Messier.

 Bloomberg 21st May 2024

https://www.bloomberg.com/news/articles/2024-05-21/edf-warns-of-huge-contract-losses-if-convicted-in-paris-criminal-trial

June 19, 2024 - Posted by | France, Legal

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