The French State, which today has 84 % EDF, has submitted its “simplified” public purchasing offer project to the Autorité des Marchés Financiers.
Le Monde with AFP
This is a first step in the process that aims to withdraw EDF from the stock market. The French State officially launched, Tuesday, October 4, the process of renationalization of the EDF company, announced in a press release the Autorité des Marchés Financiers (AMF) – an operation wanted by the government to relaunch nuclear after a year difficult for the group.
The State, which today has 84 % EDF, has submitted its “simplified” public purchasing offer (OPA) to the AMF. The operation, quantified at 9.7 billion euros, aims to buy the other shareholders with the other shareholders that it does not hold. The government had formalized in mid-July its desire to control the French energetician 100 %. The State is committed to buying each action at a price of 12 euros.
This renationalization has a very symbolic significance for the State, which plans to build six new generation EPR reactors with an option for eight others, and while a new CEO was chosen by Emmanuel Macron to direct and straighten the Group, Luc Rémont, whose appointment must still be approved by Parliament.
Renationalization aims to send a trusted signal and allow the group, the debt of which will reach the record amount of 60 billion euros at the end of the year, to finance itself, said this summer A source close to the file. The shareholder state hopes to obtain, at the end of the OPA, 90 % of the capital, a threshold from which a compulsory withdrawal procedure can be launched to obtain securities.