The state will not complete EDF’s renationalization procedure before the Paris Court of Appeal issues its decision on an appeal filed by minority shareholder associations, scheduled no later than May 2, the French government told the Agency on Tuesday. State Actions (APE).
Energie en Actions, the EDF employee shareholder and former employee association that originated this action, had announced shortly before that it had withdrawn from a stay of execution proceeding it had initiated in connection with the state takeover.
A sentence period of 5 months.
The association had explained in a press release that it had taken note of the commitment made by the State not to complete the renationalization by launching a mandatory delisting offer on the Paris Stock Exchange if it reached the threshold of 90% of EDF’s capital. . before justice rules on the merits.
Energie en Actions filed an appeal on December 2 after the AMF declared compliant with the OPAS (project of simplified public offer of purchase) directed to the shares of EDF initiated by the State.
The appeal, which will be examined on Wednesday morning by the Paris Court of Appeal, “must be judged within a maximum period of 5 months”, or no later than May 2, recalls the association in its press release.
Source: BFM TV
