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Electricite de France SA (EDF.PA)

EDF.PA on Paris Stock Exchange

22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

EDF raises $4.75 billion through a multi-tranche us dollar senior bond issuance
Wednesday, 7 Oct 2015 07:02pm EDT 

EDF SA:Raises $4.75 billion through a multi-tranche US dollar senior bond issuance.A $1.5 billion bond, with a 5 year maturity and a 2.35 pct fixed coupon.A $1.25 billion Green Bond, with a 10 year maturity and a 3.625 pct fixed coupon.A $500 million bond, with a 20 year maturity and a 4.75 pct fixed coupon.A $1.15 billion bond, with a 30 year maturity and a 4.95 pct fixed coupon.A $350 million bond, with a 40 year maturity and a 5.25 pct fixed coupon.  Full Article

Electricite de France SA - UK watchdog extends energy market probe to June 2016 - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

Electricite de France SA:Britain's competition authority has extended the deadline for its investigation into the country's largest energy suppliers by six months to late June 2016 to consider feedback from industry and consumer groups, it said on Monday - Reuters.Six suppliers -- SSE , Scottish Power, Centrica, RWE npower, E.ON and EDF Energy -- control more than 90 percent of the market and are under intense scrutiny because of public outrage over rising energy bills - Reuters.The Competition and Markets Authority (CMA) said it would aim to deliver the findings "well within" the new timeframe, with a provisional decision by January and a final decision by the end of April - Reuters.An interim update to the probe, published in February, showed most British energy customers who have not switched supplier and/or tariff have missed out on saving up to 234 pounds ($360) a year - Reuters.  Full Article

Total sells majority interest in Geosel to EDF Invest and Ardian
Thursday, 10 Sep 2015 03:18am EDT 

Total SA:Has signed an agreement to sell an interest of 50 pct plus one share in Geosel Manosque (“Geosel”) to a 50-50 consortium composed of EDF Invest and Ardian.The transaction values Total's interest at 265 million euros as at Jan. 1, excluding inventory.Total, which currently owns a 53.4 pct stake in Geosel, will remain a minority shareholder with an interest of 3.4 pct and will continue to use Geosel’s infrastructure, mainly to ensure logistics for its industrial facilities in southern France.  Full Article

EDF confirms FY 2015 EBITDA guidance
Thursday, 30 Jul 2015 02:18am EDT 

EDF SA:Confirms FY 2015 target of organic growth of 0 to 3 pct in group EBITDA.  Full Article

EDF announces strategic partnership with Areva
Thursday, 30 Jul 2015 02:18am EDT 

EDF SA:On 30 July, EDF and Areva signed a memorandum of understanding that formalised the status of the progress of discussions concerning their contemplated partnership.This memorandum has 3 sections.Firstly, EDF and Areva will enter into a comprehensive strategic and industrial agreement, in order to, in particular, improve and develop the efficiency of their cooperation in areas such as research and development, international sales of new reactors, the storage of spent fuel, and dismantling.Secondly, this memorandum deals with the contemplated acquisition by EDF of an exclusive control of AREVA NP, the company in charge of equipment and fuel manufacturing as well as services for reactors.It provides for a majority control (at least 51 pct) of AREVA NP by EDF, a maximum stake of 25 pct held by Areva as part of a strategic partnership, and the potential participation of other minority partners.Lastly, the memorandum aims to set-up a dedicated company - 80% owned by EDF and 20% owned by AREVA NP - aimed at optimising the design and management of new reactors projects.The parties agreed on an indicative price (100% of equity value) of 2.7 billion euros at the closing date.The memorandum also provides that EDF, AREVA NP, and their subsidiaries will be completely immunised against any risks related to the Olkiluoto 3 project.  Full Article

EDF may appeal EU Commission aid decision
Wednesday, 22 Jul 2015 06:00am EDT 

EDF SA:Takes note of EU Commission decision and will proceed to reimburse sums required.Denies the existence of unlawful State aid and will file, subject to the review of the decision, an action for annulment before the Tribunal of the European Union.Decision should lead to an increase in net financial debt of group of around 0.9 billion euros.  Full Article

EDF to divest stake in Energie Steiermark
Friday, 10 Jul 2015 11:59am EDT 

EDF SA:Signs an agreement with Macquarie for the sale of its 25 pct stake in Energie Steiermark AG (ESTAG).  Full Article

EDF confirms FY 2015 group EBITDA target
Tuesday, 12 May 2015 11:35am EDT 

EDF SA:Confirms FY 2015 Group EBITDA target of organic growth of 0 pct to 3 pct.  Full Article

Consortium including EDF and fund PGGM buy Spanish gas distributor - Reuters
Wednesday, 22 Apr 2015 05:06am EDT 

EDF SA:PGGM spokesman said his organisation, together with France's EDF and Gingko Tree Investment, will purchase Spanish gas distributor Madrilena Red de Gas (MRG) from Morgan Stanley Infrastructure for an undisclosed amount - Reuters.  Full Article

EDF issues FY 2015 EBITDA guidance; proposes FY 2014 dividend
Thursday, 12 Feb 2015 01:19am EST 

EDF SA:Dividend proposed for FY 2014: 1.25 euros per share in cash, equivalent to a 52 pct payout ratio and 58 pct when excluding the tariff catch-up.Sees organic growth of 0 to 3 pct in group EBITDA in FY 2015.  Full Article


France strike hits nuclear plants sending output lower

PARIS Nuclear power plants across France were hit with unplanned outages on Thursday after unionized workers at utility EDF joined a rolling nationwide strike against planned government reforms.