State will participate in recapitalization of EDF “up to 2.1 billion euros”, announces Bruno Mayor

The group, detained at almost 84% by the State, warned that it would be heavily affected this year by nuclear production in the Bern and by the government’s measures to limit the rise in electricity bills.

Le Monde with AFP and Reuters

EDF announced, Friday, February 18, an “action plan” to cope with its difficulties, with a capital increase project of about 2.5 billion euros and a plan of disposals of 3 billions of euros in total until 2024.

The group, detained at almost 84% by the State, has seen its net profit multiplied by eight last year, at 5.1 billion euros, but warned that it would be heavily affected this year by nuclear production in Bern and the government measures to limit the rise in electricity bills.

/Media reports.