EDF Slips as Path to Fresh France-EU Reform Talks Still Unclear
- Paris is opposed to EU request for restructuring the utility
- Government wants to boost revenue of debt-laden company
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Electricite de France SA shares slipped as France and the European Commission remain at odds over regulations that will determine the financial health of the country’s largest electricity generator, with no solution in sight to unblock talks.
EDF shares fell as much as 0.7% in Paris Wednesday, and were trading 0.4% lower at 11.43 euros at 9:55 a.m. It’s the worst performer of Europe’s STOXX 600 Utilities Index, which is up 1.3%.