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France launches hunt for new EDF CEO, sets money aside for full nationalisation

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Reuters UK

By Jean-Stéphane Brosse and Leigh Thomas PARIS (Reuters) -EDF and the French government are seeking a new boss to overhaul the power utility and build more nuclear reactors, they said on Thursday, with billions in public money earmarked to help finance a full nationalisation of the debt-laden company. EDF, in which the state already has an 84% stake, is one of Europe’s biggest utilities and is central to France’s nuclear strategy, which the government is banking on to blunt the impact of soaring energy prices exacerbated by the war in Ukraine. But the utility is beset by outages at its ageing …

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