EDF Wins Reprieve as Hollande Cools on Greens Nuclear Pact
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Electricite de France SA, Europe’s largest power producer, may get a boost from frontrunner Francois Hollande’s backing off from a nuclear pact with the Greens, who flopped in the first round of the elections.
Socialist candidate Hollande has distanced himself from an accord with the Greens to shut 24 of France’s 58 nuclear reactors by 2025 in light of union support for the industry and the perceived threat to jobs.