France to nationalize country’s biggest power provider

Jul 20th 2022 1:55am EDT

The state will buy EDF amid Europe’s worsening energy crisis France has announced a takeover bid to gain full control of the country’s largest utility, EDF. The government has made an offer of €9.7 billion ($9.9 billion) to nationalize electricity provider EDF, the country’s Ministry of Economy and Finance said on Tuesday. The state already […]

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