French state pledges to stand by EDF - finance minister Le Maire

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The French state has pledged to stand by EDF and will support the company in facing difficulties due to French policy measures to cap power price hikes for consumers, the French finance minister said on Wednesday.

A flag with the company logo of Electricite de France and a French flag fly next to the EDF power plant in Bouchain, near Valenciennes, France, September 29, 2021. REUTERS/Pascal Rossignol/File PhotoSays EDF is 'pride of the French people'Nuclear watchdog says sector may need a 'Marshall Plan'and will support the company in facing difficulties due to French policy measures to cap power price hikes for consumers, the French finance minister said on Wednesday.

"We will continue to invest in EDF because we have the objective of building new nuclear reactors that, from a strategic perspective, are absolutely decisive for EDF." The fund, which generally refrains from commenting on its individual investments, had a 0.23% stake worth $112 million in the company at end-2020, according to the latest available fund data.

 

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