France Will Spend 10 Billion Euros to Relaunch Nuclear Energy
by Brian Wang from NextBigFuture.com on (#628S8)
The Government of France is offering to buyout minority shareholders in the heavily indebted EDF (France's) nuclear company. The offer to minority shareholders will be priced at 12 euros per share, meaning the operation to fully nationalize the group will cost 9.7 billion euros ($9.9 billion). The electricity provider is currently 84-percent owned by the ...