Le Maire: France to complete EDF takeover on June 8 - Breaking The News

Le Maire: France to complete EDF takeover on June 8

23 May

1 min read

EPA-EFE/CHRISTOPHE PETIT TESSON

French Economy Minister Bruno Le Maire revealed on Tuesday that the government will have "100% control" over Electricite de France SA (EDF) from June 8.

Appearing on an RTL France radio morning show, he specified that the state currently owns 98% of the electric utility company.

The €9.7 billion full renationalization of EDF appears to be on track after an appeals court in Paris earlier this month dismissed an attempt by minority shareholders to block the deal from materializing.

edf le maire

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