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France 24

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France outlines plans for buyout of EDF to relaunch country’s nuclear industry

EDF Nuclear France Emmanuel Macron

Workers walk past a reactor building at the third-generation European Pressurized Reactor project (EPR) nuclear reactor in Flamanville, Normandy, France on June 14, 2022. © Sameer Al-Doumy, AFP

The French government on Tuesday outlined its plans to take full control of EDF, the highly indebted power utility that is to spearhead efforts to relaunch the country's nuclear industry.

The offer to minority shareholders will be priced at 12 euros per share, meaning the operation to fully nationalise the group will cost 9.7 billion euros ($9.9 billion), the finance ministry said.

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