“We must win the battle of electricity and gas!” In 1945, the communist deputy and Minister of Industrial Production Marcel Paul defends the nationalization of the means of production and energy distribution before the Nationalization Electric in France, then dominated by two private companies, the electricity union and industrial energy. This Wednesday, July 6, Prime Minister Elisabeth Borne may have had a thought for her distant predecessor, Minister of General de Gaulle, when in the same place in the hemicycle, she announced the renationalization of EDF.
Seventeen years after its fellowship, on November 21, 2005, the first electrician in France returned to the Giron de la State, who still controls nearly 85 % of the capital. End of a stock market anomaly. However, entering the financial markets was the logical outcome of a frantic development policy, especially abroad, in a context of liberalization of the energy market wanted by the European Union. A logic that had prevailed eight years earlier in the field of telecoms, with the stock market of France Telecom, which has become Orange.
It was a question of facilitating funding by the markets, bringing a little fresh money to the State and redistributing to the general public a little of this “nuclear rent” resulting from the development of a park of Over -space nuclear power plants which led the company to become the world’s leading exporter of electricity and to achieve almost half of its turnover abroad. “It is the greatest success of popular shareholding ever obtained in France,” said Thierry Breton, the Minister of Finance, in front of the five million small carriers who crowded to become owners of this National jewel. Las, after an introduction with a fanfare at 32 euros, the course went down from 2009 below its initial course, to finish, Wednesday July 6, at 10 euros. 2>
frightened professional investors
In 2015, the title was hunted from CAC 40. Professional investors were quickly frightened by the sum of the commitments that the group must face. An investment of more than 20 billion euros to build the British power station of Hinkley Point, then an equivalent sum for that of Flamanville in France, the renovation of the park of reactors at an estimated cost of 50 billion, and finally more than fifty other billions to be expected to build the six EPR reactors promised by the President of the Republic, not counting the immense project of renewable energies.
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