One of Europe’s largest energy players is set to be partially privatised following an announcement from the French government regarding Electricité de France (EdF).
Some 15% of the state-owned energy giant, is expected to be floated on the French stock exchange by 21 November, although the government will retain an 85% holding.
The move still commits EdF to lowering some prices, but also to improving rural service levels, as well as investing $48 billion over the next five years.
Trade unions and the Socialist Party opposition have condemned the move, branding it a huge and costly mistake.
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