French Government Values EDF Minority Interest Buyout at Around EUR10 Billion -Reuters
07 Abril 2021 - 02:45AM
Noticias Dow Jones
--The French government estimates it would have to spend around
10 billion euros ($11.8 billion) for the buyout of minority
shareholders in Electricite de France SA as part of the proposed
restructuring of the group, Reuters reports, citing two union
sources.
--The restructuring plan would see the creation of a holding
company, EDF SA, which would be fully owned by the state, according
to the news outlet.
--The EUR10 billion figure would represent a significant premium
as, based on EDF's current share price, acquiring 16% of shares
would cost around EUR6 billion, Reuters reports.
Full story: https://reut.rs/31Q8gsD
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April 07, 2021 03:30 ET (07:30 GMT)
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