French government wants to re-nationalize EDF in response to rising energy prices
On July 6, local time, French Prime Minister Borna said in a speech in parliament that the French government hopes to re-nationalize EDF so that the government can fully control power production while defending its own energy sovereignty and independence. At present, the French government holds 83.88% of the shares in EDF, private and institutional holdings 15.03%, and employees hold 1.06% of the shares.
From the end of 2021, French energy prices will increase significantly. Recently, the conflict between Russia and Ukraine and sanctions against Russia have pushed up energy prices again, causing high inflation in France and a decline in the purchasing power of the people.