Deals
France Mulls EDF De-Listing Amid Nuclear Challenge
- Utility needs funds to maintain or replace aging reactors
- Restructuring could help EDF to meet long-term challenges
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The French government is considering buying out minority shareholders of Electricite de France SA, the first step in a corporate restructuring to address the challenge of replacing the country’s nuclear-power backbone, people familiar with the matter said.
The government has asked EDF, of which it owns 84 percent, to propose changes in its structure. The utility’s cash flows are vulnerable to volatile power prices and intensifying competition, and it’s already struggling to fund billions of euros of investments to maintain or replace its aging reactors.