EDF to Sell Stake in EnBW to State of Baden-Wuerttemberg for $6.2 Billion

-- EDF SA (Electricite de France) said the state of Baden-Wuerttemberg has offered to acquire its stake in EnBW Energie Baden-Wuerttemberg AG at a price of 41.50 euros per share.

That represents an 18.6 percent premium on the share’s last closing price, and would value the divested stake at 4.7 billion euros, EDF said in a statement.

To contact the editor responsible for this story: Mike Gavin at mgavin2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.