EDF: the Board of Directors “favorable” to the renationalization at 12 euros per share


The Board of Directors of the energy company considered that this offer was “in accordance with the interests of EDF, its shareholders and holders of OCEANEs and its employees”.

As expected, EDF’s Board of Directors issued an opinion on Thursdayfavorableto the EDF renationalisation project, at a price of 12 euros per share, a key step for its complete takeover by the State. It also approved the offer relating to bonds convertible into and/or exchangeable for new or existing shares (OCEANEs), at 15.52 euros per OCEANE.

The energy company’s Board of Directors considered that this offer was “in line with the interests of EDF, its shareholders and holders of OCEANEs and its employees», «in that it offers shareholders and holders of OCEANEs the possibility of selling their shares at a price deemed fair by the independent expert», the firm Finexsi. Board of directors “recommends to shareholders and holders of OCEANEs EDFto sell their shares at these prices.

This offer remains subject tofor review by the AMF, which will assess their compliance with applicable laws and regulations», Indicates the press release from EDF.



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