Okay, okay, it’s not nice to brag or say “I told you so”. But we’re a young service, which means we are burdened with self-promotion until we become the established and well-funded force we hope to be.
Reuters is reporting on Wednesday that the French government is planning to take full control of EDF, France’s largest power provider:
PARIS, July 6 (Reuters) – Shares in French power group EDF (EDF.PA) spiked by as much as 8% on Wednesday after French Prime Minister Elisabeth Borne told parliament the state aimed to fully nationalise the debt-laden utility in which it already holds over 80%.
Shares are up 14.5 per cent on the news at pixel time:
Talk in the market is the nationalisation move could be “imminent”.
That’s the piece in March from Bloomie with Macron suggesting the idea.
Now the gossip is the minorities might get bid between EURO 10.8 and 12 for the shares by the French government.
We know the French like their steaks bleu*, but this particular stake is now well done. It’s a good call from Ben, who I’m sure will be back with us soon.
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*Ben’s Betaville service rates the reliability of market news on a culinary scale. UNCOOKED is market gossip as Betaville receives it. Totally untested. The rumour might be total rubbish or nonsense – but then again there may be something in it. RARE is gossip that has been tested with some of Betaville‘s usually well-informed sources but not through the complete complex of formal journalistic channels (public relations executives, bankers etc). WELL-DONE is confirmed.