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EDF shares retreat on possible capital injection from state

© Reuters. FILE PHOTO: Electrical lines of high-tension electricity power lines are seen next to the EDF power plant in Bouchain, near Valenciennes, France, February 15, 2022. REUTERS/Pascal Rossignol

PARIS (Reuters) – French utility EDF (PA:EDF)’s shares lost earlier gains and were down 1.3% after French financial daily Les Echos reported the French government is leaning towards injecting over 2 billion euros ($2.27 billion) in capital into the state-owned firm.

“According to several sources, the State (…) had decided in favour of a rapid reinforcement of the group’s equity, via the injection of more than 2 billion euros”, les Echos said, adding a formal decision had not yet been taken.

The French finance ministry had no comment on the report.

($1 = 0.8801 euros)

EDF shares dip following report on possible capital increase through French state money

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