French power giant Electricite de France (EDF) will be fully nationalized under new government plans in France, the prime minister said on Wednesday. The French state currently controls 83.88 percent of EDF's share capital, with 15 percent with institutional and individual investors. "I confirm to you today that the state intends to control 100% of EDF's capital," Prime Minister Elisabeth Borne told the Parliament, as carried by Reuters, in her speech outlining priorities for the government.
Shares in EDF (EPA:EDF) traded in Paris jumped…France Looks To Nationalize Utility Giant EDF
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