PARIS, July 6 (Reuters): Shares in French power group EDF spiked by as much as 8% on Wednesday after French Prime Minister Elisabeth Borne told parliament the state aimed to fully nationalise the debt-laden utility in which it already holds over 80%.
EDF shares traded 5.1% higher at 1344 GMT.
Earlier, The French government plans to fully nationalise EDF, Prime Minister Elisabeth Borne announced on Wednesday, sending shares in the debt-laden power utility sharply higher.
"I confirm to you today that the state intends to control 100% of EDF's capital", Borne said in her policy speech in the lower house of parliament as she set out her minority's government priorities.
EDF shares rise after French PM says state will nationalise company
FE Team | Published: July 06, 2022 23:50:09
EDF shares rise after French PM says state will nationalise company
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