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UPDATE 1-French state to get EDF dividend in shares

Thu Nov 5, 2009 1:23pm EST

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PARIS, Nov 5 (Reuters) - The French government said on Thursday it would receive its part of an interim dividend from state-controlled power firm EDF (EDF.PA) in shares, not cash.

The Treasury owns 84.4 percent of the former state monopoly, which has set an interim dividend of 0.55 euros a share, valuing the state's share of the payout at around 846 million euros.

EDF shareholders agreed on Thursday to allow the company to offer its dividend in the form of stock. (Reporting by Jean-Baptiste Vey; editing by Crispian Balmer)



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