France Bails Out Energy Giant EDF ...Middle East

France's ministry of finance said on Tuesday that the state plans to launch a simplified takeover offer to buy for $10 billion all the 16% in energy giant EDF it doesn't already own.   Electricite de France (EDF) is already owned 84% by the French government, which announced earlier this month its intention to fully nationalize the energy giant. The French state currently controls 83.88 percent of EDF's share capital, with 15 percent with institutional and individual investors.   EDF has seen difficult times in recent months amid…

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