EnergyWatch

France to nationalize EDF

”We need to have full control of the production and our energy future,” says the prime minister of France, who confirms a plan to take over the remainder of the French utility.

Photo: BENOIT TESSIER/REUTERS / X07241

The French government will assume full ownership of utility Electricité de France (EDF) in order to help France cope with the worst energy crisis in recent times.

So says the Prime Minister of France Elisabeth Borne, according to Bloomberg News. The news carries a positive effect on the share price, which goes up 12% to EUR 8.82 on the Paris stock exchange.

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