France’s financial markets regulator has approved the French Government’s plan to fully control heavily indebted EDF , which it intends to lead efforts to relaunch the nuclear power industry in the country.

More info

World Future Energy Summit 2027 (WFES 2027)

The French Government, which already own 84 per cent of EDF, filed a takeover offer with the regulator in October to acquire the remaining capital at €12 per share. The Financial Markets Authority ( AMF ) said on 22 November that the offer complied with stock market rules. The acquisition is expected to be completed by 8 December, at a total cost of €9.7 billion.

The French government wants to build six new-generation nuclear reactors, with an option to acquire eight more. The full acquisition of EDF is intended to send a signal of confidence.