by Amruth Sundarkumar | Mar 1, 2023 | High Yield Bonds
French utility company EDF said that it would convert some of its bonds into shares in an effort to strengthen its balance sheet. It said that the French state requested to convert 87,831,655 EDF ‘OCEANES’ bonds (convertible bonds) into shares, thereby...
by Amruth Sundarkumar | Sep 19, 2022 | Corporates, Global
French utility major EDF’s €9.7bn ($9.85bn) takeover by the French government would be completed by the end of September after a slight delay, as per sources. In July, France planned to file its offer to nationalize EDF but did not launch a formal bid. The...
by Amruth Sundarkumar | Jul 20, 2022 | Corporates, Investment Grade Bonds
In light of the continent-wide energy crisis, the French government is offering €9.7bn ($9.85bn) for the takeover of Électricité de France (EDF). This deal will give them full control over Europe’s largest nuclear power operator, ensuring continued electricity supply...
by Amruth Sundarkumar | Jul 7, 2022 | Corporates
France’s electricity utility giant, EDF will be fully nationalized in an effort to give the government more control over a restructuring of the debt-laden group. In a speech, French Prime Minister Elisabeth Borne said that the state’s ownership will rise...
by Amruth Sundarkumar | Mar 15, 2022 | Corporates
France’s state-owned energy company EDF Group has sharply revised down its forecast hit from lower nuclear power output and government measures. EDF said that it expects a €26.2bn ($28.8bn) impact on 2022 EBITDA. It expects a €16bn ($17.6bn) from production...
