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EDF wants to protect its minority shareholders without angering the state

2022-05-12T16:24:49.487Z

The group has announced that it has filed an informal appeal against the government's price freeze measure.



It has never been easy to be the boss of a public company.

When, in addition, it is partly listed, everything becomes complicated.

At the head of EDF since the end of 2014, Jean-Bernard Lévy is currently going through a complicated time.

The State, which is also its largest shareholder with 84% of the capital, decided by decree at the beginning of the year to put the electrician to contribute 10 billion euros to divide by ten the soaring price of electricity and reduce it to 4%.

And this, via an increase in the volume of electricity sold at low prices to its competitors (the Arenh).

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This decision serves the interests of households and businesses, but not those of EDF, nor therefore those of its minority shareholders.

The management of the electrician had therefore warned in mid-January that it was studying

“any measure likely to protect its interests”

.

Thursday, at the General Meeting of Shareholders, the management took a first concrete step, a little late, in this direction.

"I just sent...

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Source: lefigaro

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