France nationalizes country’s biggest power provider ...News

Economy by : (Russia Today) -
The takeover follows a record loss by the company last year The French government has completed the nationalization of the country’s largest energy utility, EDF, with the company officially removed from the Paris stock exchange, according to a release issued by the finance ministry on Thursday. The takeover follows the company suffering a record loss last year, with nuclear output falling to a 34-year low. Finance Minister Bruno Le Maire welcomed the nationalization of the enterprise, calling it a “success” and saying that the state takeover was “indispensable” for the energy company’s future. In late 2022, Paris

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