Is EDF running out of money? The French government is to spend £20 billion buying back the final 16% of Electricité de France (EDF) shares still privately owned, bringing the company back under public ownership. Why are they renationalising this company? The answer is simple. It is to avoid EDF going bankrupt. Right now, over half (29 out of 56) of EDF’s French nuclear reactors are currently offline. The company is already hugely indebted and faces a massive bill of … read more »
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