France's EDF to up Constellation stake to 9.9 pct

Wed Aug 13, 2008 8:47am EDT
 
[-] Text [+]

PARIS, Aug 13 (Reuters) - EDF (EDF.PA) said on Wednesday that it would raise its stake in Constellation Energy Group Inc (CEG.N) to 9.9 percent from 4.97 percent, in line with a previous agreement between the companies.

EDF added it could further "increase its ownership interest" but added that there was no current proposal for that. (Reporting by Sudip Kar-Gupta; Editing by Paul Bolding)

 

Featured Broker sponsored link

Interview:

A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer
Taking aim at Wall St

Ohio's top lawyer is knee-deep in litigation against major financial giants. Calling it a "badge of honor" to hold Wall Street accountable for its actions. Richard Cordray is looking for a fight.  Full Article | Full Coverage