Electricite de France SA, the largest shareholder in Constellation Energy Group Inc., would support the sale of the company as relations between the partners sour, said a person with knowledge of the matter.
EDF, which rejected inquiries about a sale in the past few months, has reversed its thinking amid a dispute over its joint venture with the Baltimore-based company, said the person, who declined to be identified because the talks are private. While EDF would like a change of control or new management at Constellation, it won’t actively pursue a sale, the person said.
