France discusses EDF takeover with Goldman, SocGen - report

Friday, 08. July 2022 15:44

The French Government is conducting talks with Goldman Sachs Group Inc. and Societe Generale SA over how it should go about the takeover of the country's multinational electric utility company Electricite de France SA (EDF), the Financial Times reported on Friday citing sources familiar with the matter.

According to the sources, the tender offer has been put on the table as one of the most favored solutions, as the nationalization plan might be too complicated and take up too much time. One of the people noted that "there’s a need to go quickly here, and a market offer is more efficient than dealing with a political mess in parliament."

The sources also shared that Lazard and BNP Paribas are advising EDF. The final decision is yet to be made, and will most likely be revealed after August.

Related Links: Société Générale S.A.Goldman Sachs Group Inc.Electricite de France SA
Baha Breaking News (BBN) / AY