France to launch buy-out of power giant EDF

Paris (AFP) July 19, 2022

The French government said on Tuesday it was launching a public tender offer to buy out minority shareholders in EDF, the highly-indebted power utility that is to spearhead efforts to relaunch the country's nuclear industry. The tender, priced at 12 per share for the 16 percent in EDF not already in state hands, values the minority stake at 9.7 billion euros ($9.9 billion). The electrici