PARIS (Reuters) – The State has crossed the threshold of 90% of the capital of EDF and will be able to proceed with the withdrawal of shares from the Paris Stock Exchange as part of the project to renationalise the electricity producer, the ministry announced on Friday. economy.
“On January 19, 2023, the State crossed the threshold of 90.00% of the capital and theoretical voting rights of EDF on a fully diluted basis. Consequently, the State will be able, at the end of the offer, to proceed with the implementation of the squeeze-out on EDF shares as soon as it converts the (bonds) EDF OCEANEs already in its possession”, declares Bercy.
The French government announced last July the launch of an offer of more than 9.6 billion euros on the approximately 16% of the capital of EDF that it did not yet hold, in order to give the executive the free rein to lead the group and carry out the vast project of renewing the French nuclear fleet.
The offer was filed in October at a price of 12 euros per EDF share and 15.52 euros on the existing 2024 “ocean” convertible bonds.
(Written by Bertrand Boucey, edited by Jean-Stéphane Brosse)
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