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    French government submits full takeover offer for EDF

Summary

The French state on Tuesday filed an offer to acquire all shares in debt-laden utility it does not already own for 12 euros apiece with the country's AMF financial market regulator.

by: Reuters

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French government submits full takeover offer for EDF

PARIS, Oct 4 (Reuters) - The French state on Tuesday filed an offer to acquire all shares in debt-laden utility it does not already own for 12 euros apiece with the country's AMF financial market regulator.

President Emmanuel Macron's government this summer announced it would fully nationalise the company which shoulders most of the France's power needs and will be the centrepiece of an ambitious new reactor construction programme.

EDF is currently rushing to get its fleet of nuclear power stations ready for the winter after it needed to shut down several reactors due to corrosion issues and safety checks. (Reporting by Tassilo Hummel, Editing by Richard Lough)