Latest Nationalization News

French government plans to nationalize electricity giant EDF

Jul. 06, 2022 12:15 PM EDT

PARIS (AP) — France’s government plans to nationalize indebted French electricity giant EDF amid a broad energy crisis aggravated by Russia’s invasion of Ukraine, Prime Minister Elisabeth Borne said Wednesday. The French state now holds an 84% stake in the company, one of the...

French PM vows to boost economy amid impact of Ukraine war

Jul. 06, 2022 12:10 PM EDT

PARIS (AP) — French Prime Minister Elisabeth Borne vowed Wednesday to boost jobs, cut taxes, support purchasing power, tackle climate issues and help France better face the consequences of the war in Ukraine — including by nationalizing electricity giant EDF. Borne laid out her...

Prime minister says French government plans to nationalize electricity giant EDF amid Ukraine war-related energy crisis

Jul. 06, 2022 10:09 AM EDT
PARIS (AP) — Prime minister says French government plans to nationalize electricity giant EDF amid Ukraine war-related energy crisis.