The French government offered a premium of more than 50% to minority investors in Electricite de France SA, seeking a swift nationalization of the troubled company that is the backbone of the country’s energy policy.
The 9.7 billion-euro ($9.9 billion) offer, which at 12 euros a share was at the upper end of expectations, is intended to bring the nuclear power generator back into full state ownership as soon as mid-October, allowing the government to push ahead with long-term investments in carbon-free energy.
