French state-owned electricity supplier Electricité de France (EdF) announced yesterday that it is planning a share sale of between ?8 billion and ?11 billion ($10.5 billion to $14.5 billion) next year, in what will be the largest share offering ever in France. The French government gave the go ahead for the sale of 30% of EdF’s share capital after an independent report on the company’s financial needs declared that only an issue of that volume would enable EdF to ?maintain its leading position among Europe’s energy suppliers?.
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