The French State becomes the sole shareholder of EDF again
The French State has acquired full control of EDF, reaffirming its commitment to low-carbon electricity production.
On July 19, 2022, the French State announced its intention to launch a simplified public offer to acquire EDF's shares and delist the company from the stock exchange. This operation has been completed following the forced sale of shares carried out by the French government, according to the Financial Markets Authority (AMF) on May 26, 2023. As a result, the French State now holds the entire share capital and voting rights of EDF.
In line with the energy policy strategy defined by French President Emmanuel Macron, this operation confirms the fully sovereign nature of nuclear energy production activities. It also reaffirms the long-term support of the French government for EDF's industrial strategy as the company embarks on projects that will require its full commitment over the coming decades, including the launch of a program to build EPR2 nuclear reactors in France.
EDF will continue to play a strategic role in the production of low-carbon, available, and competitive electricity in France. As the sole shareholder, the French government will ensure that the company can fulfill this long-term mission of national interest.
Bruno Le Maire, Minister of Economy, Finance, Industrial and Digital Sovereignty, stated: "The French State is now the sole shareholder of EDF. This return to full control of our national electricity company was a priority for the government. It was essential to enable EDF to accelerate several decisive projects: increasing production from existing nuclear power plants in the context of growing electricity demand, and the program to build six EPR2 nuclear reactors by 2050. This operation has been a success. It is excellent news for the French people."