French government plans to nationalize energy giant edf

French Prime Minister Elisabeth Born said on Wednesday that the government plans to nationalize electricity giant edf amid an energy crisis linked to the war in Ukraine.

In her first major speech before the French Parliament, Born said: “We must have full control over the production and performance of electricity. We must secure our sovereignty in the face of the consequences of the war (in Ukraine) and the enormous challenges ahead. .That is why I assure you of the intention of the state to own 100% of the shares of the head of the country. “edf money”.

The French state now owns 84% ​​of the company and it is one of the world’s largest electricity producers.

Source: AFP

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