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France Eyes EUR4.2 Billion From Electricite de France SA, GDF Suez SA Stake Sales-Reuters


Monday, 15 Apr 2013 12:28pm EDT 

Reuters reported that the French government could raise as much as EUR4.2 billion ($5.5 billion) by trimming its stakes in utilities Electricite de France SA (EDF) and GDF Suez SA, money it may invest in other industries to boost the economy. Without directly identifying either company except by the size of the national stake in each, French industry minister Arnaud Montebourg on Sunday raised the idea of reducing that in electricity utility EDF to 75% from 84.4%, and in gas utility GDF Suez to 33% from 36.7%. 

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