The French government is prepared to sell shares in some of the country’s leading companies to help finance a €3 billion fundraising drive by the company behind the Hinkley Point nuclear power project in Britain. It owns 85 per cent of EDF, the indebted electricity company, and has agreed to support three quarters of a €4 billion capital injection plan that was announced last month. There are plans to sell airports in Nice and Lyons to help raise the money and Emmanuel Macron, the French economy minister, has said that there would be “other operations” tapped. Shares in Renault and Safran, the aerospace and defence group, could be sold, according to the Financial Times.
Times 2nd May 2016 read more »
Politics Home 2nd May 2016 read more »