Electricite de France SA, the struggling state-controlled nuclear energy giant, may be delisted as part of a transformation aimed at restoring its investment capabilities, Ecology Minister Francois de Rugy said. A 100% state-owned entity could include nuclear plants, and may also add hydroelectric dams and other assets, the minister said. The comments are the clearest to date that the government is considering regaining full control of the utility’s nuclear assets, which are the country’s electric backbone, amid reactor shutdowns and the expansion of renewable energy. “One of the options, not decided at this stage, is to have a 100% state-owned company, with units on the other hand that could have private investors,” de Rugy said during a discussion of an energy and climate bill in Parliament late Wednesday. “It’s an operation that’s not easily done. It means you have to buy back some shares.”
Bloomberg 27th June 2019 read more »