The French government is expected to agree the terms for a bailout for EDF this weekend so the energy firm can go ahead and start building the £18 billion nuclear power station at Hinkley Point in Somerset. EDF might sell part of its stake in France’s equivalent of the National Grid – called RTE – to state-owned bank Caisse des Depots et Consignations with EDF keeping at least 51 per cent. A second option is for the French government, which already owns 85 per cent of EDF, to take future dividends in shares rather than cash. This is very likely, according to sources close to the company.
Daily Mail 20th March 2016 read more »
The French government has promised a bailout that will allow EDF to go ahead with the delayed £18 billion new nuclear power station at Hinkley Point in Somerset, it has been reported.
Western Daily Press 19th March 2016 read more »