EDF Approves Share Sale Before Board Decision on Hinkley Point

  • Sale of $4.4 billion of stock to help EDF ride slump in prices
  • Board votes July 28 on U.K. nuclear project as unions object

Electricite de France SA approved plans for a 4 billion-euro ($4.4 billion) share sale, two days before its board meets to make a final investment decision on its controversial British nuclear-power plant project.

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