Source Pravda.Ru

French State To Sell Stakes In EDF & GDF

France's government has said that it will sell stakes in Electricite de France and Gaz de France, the state owned power and natural gas utilities that are valued by analysts at as much as a hundred billion euros.

The Prime Minister Jean-Pierre Raffarin, in his opening address to parliament, did not say how many shares will be sold in each company or when the sales will take place. The French state will maintain a majority in both the companies, he said.

Selling the stakes may help ease criticism of France from neighbors who say the country is unfairly allowing its utilities to buy rivals abroad while retaining a lock on its home market. It would also enable the companies to raise funds to expand.

“They must be given the same weapons as their European competitors to fully benefit from the European energy market,” Raffarin told parliament. His government was named last month after national elections.

©

&to=http://www.edf.fr/htm/en' target=_blank>Electricite de France

&to=http://www.gazdefrance.com/' target=_blank>Gaz de France

Comments
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Putin makes first public comment on Russian pension reform
Russia disposes of US government bonds to buy more gold
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin signs decree to abolish secret Novichok lab in Russia
Americans obtain secret information about Russia’s new Avangard missiles
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Melania Trump starstruck when shaking hands with Putin
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Trump versus the Traitors on Capitol Hill
Trump versus the Traitors on Capitol Hill
Donbass referendum: Putin’s bright move to force Ukraine to obey
Serbia will recognize Kosovo only over its dead body
The Big Brexit mistake
Melania Trump starstruck when shaking hands with Putin
Melania Trump starstruck when shaking hands with Putin