EDF: stock up as 'Hercules' project taking shape
(CercleFinance.com) - According to local newspaper, Le Parisian, the French government is about to notify the European Commission of its plan to split the EDF group.
The newspaper also believes that this case is the subject of a confidential agreement between Paris and Brussels. On the Paris Stock Exchange, EDF shares are up around 3.5% this morning.
Called "Hercules", this project will be notified to the Brussels regulator after reading the conclusions and the vote by MPs of the Energy Climate law, scheduled for today, Wednesday, 11 September at the French Parliament, Le Parisien reports.
The idea would be to isolate an "EDF bleu" which is fully owned by the State, whose scope would include nuclear, hydroelectric power stations and the transmission of electricity (RTE). On the other side there would be "EDF vert" which would include the Commerce division, Enedis, EDF Outremer, EDF Renewables (excluding hydro) and Dalkia.
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The newspaper also believes that this case is the subject of a confidential agreement between Paris and Brussels. On the Paris Stock Exchange, EDF shares are up around 3.5% this morning.
Called "Hercules", this project will be notified to the Brussels regulator after reading the conclusions and the vote by MPs of the Energy Climate law, scheduled for today, Wednesday, 11 September at the French Parliament, Le Parisien reports.
The idea would be to isolate an "EDF bleu" which is fully owned by the State, whose scope would include nuclear, hydroelectric power stations and the transmission of electricity (RTE). On the other side there would be "EDF vert" which would include the Commerce division, Enedis, EDF Outremer, EDF Renewables (excluding hydro) and Dalkia.
Copyright (c) 2019 CercleFinance.com. All rights reserved.