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The Guardian - UK

Business

Alex Lawson Energy correspondent

France to pay nearly €10bn to fully nationalise EDF

EDF France Elisabeth Borne Europe

Shares in EDF jumped 15% on news of the government plan. Photograph: Johanna Geron/Reuters

The French government is poised to pay nearly €10bn (£8.5bn) to fully nationalise EDF as ministers attempt to tackle the European energy crisis.

The French finance ministry said on Tuesday it had offered €9.7bn or €12 a share to buy the 16% of debt-laden EDF it does not already own.

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