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France to announce details of EDF nationalisation

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Reuters UK

By Silvia Aloisi and Mathieu Rosemain PARIS (Reuters) – The French government will announce on Tuesday details of its plans to fully nationalise EDF, giving it greater control of Europe’s biggest nuclear power operator as the company grapples with an energy crisis. The finance ministry said last week it would clarify its plans to take full control of EDF, in which it already holds an 84% stake, by Tuesday morning at the latest. Analysts expect the government to announce a price and timeline for a public offer to buy out minority shareholders. EDF shares, which were suspended last week pending …

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