The French government offers 9. 7 billion euros (10 billion dollars) to purchase the minority stake in the French Electricity Company, which is owned most of its shares to the state/ Electrée de France (EDF) in the bid of purchase to start tomorrow, which represents an additional step towards the national debt nationality nationalization..
The Bloomberg News Agency indicated that the French country, which has 84% of the shares of the Electricity Company, offers 12 euros per shares of the minority share shares, and it intends to re -purchase the bonds of the convertible company to shares. It is scheduled to continue to receive sales offers until December 22, according to the schedule announced by the French Capital Market Authority.
According to the plan, the state will announce its full control of the company if its share has reached 90% at the end of the period of receiving requests for the sale of minority shares.
France started the process of purchasing the remaining 16% in the National Electricity Company “IDF”, which the state is not currently possessing at the beginning of last month, as it made a simplified acquisition in a preliminary step to possess “ADF” from the market, which is an operation that will be costly to cost About 9. 7 billion euros (9. 7 billion dollars), according to a report of the Europ 1.
President Emmanuel Macron announced his intention to completely nationalize “EDF” in March
In the government’s statement in the summer, Prime Minister Elizabeth Born said that the goal of nationalizing the company is to ensure French sovereignty in response to the war in Ukraine.
Earlier this month, the French Ministry of Finance said that the government that seeks to regain control of the full ownership of the French Electricity Company “EDF”, has no later plan to dismantle this institution after the acquisition process, which amounted to 9. 7 billion euros (10. One billion dollars), Bloomberg News reported.
Officials at the Ministry of Finance said the government has no intention of offering the electrical energy privileges of “EDF”.
They added that the new CEO of the company, Luk Rimont, will have to submit proposals for the group’s strategy, including financing nuclear stations..
About Author
