--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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(END) Dow Jones Newswires

April 07, 2021 03:30 ET (07:30 GMT)

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