PARIS, July 11 (Reuters) – The French government is expected to shell out more than 8 billion euros to take full control of EDF EDF.PA and wants to seal the power giant’s renationalisation in the fall, two officials said. sources familiar with the matter.
The French State currently owns 83.9% of EDF.
The cost of buying the remaining 16% could reach nearly 10 billion euros, taking into account the convertible bonds in circulation and a premium compared to current market prices, said one of the sources.
Neither EDF nor the Ministry of the Economy responded to a request for comment.
(Report Mathieu Rosemain and Pamela Barbaglia, with the contribution of Leigh Thomas and Michel Rose, written by Silvia Aloisi; French version Camille Raynaud, edited by Sophie Louet)