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BusinessFrench Government to Pay $9.8B to Take EDF Private

French Government to Pay $9.8B to Take EDF Private

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The French government said Tuesday that it plans to pay about 9.7 billion euros ($9.84 billion) to take Electricite de France SA private.

The French state plans to launch a public tender offer of EUR12 a share for all the shares it doesn’t already own in the energy company, representing about 15.9% of its capital, the Finance Ministry said. It will also buy other instruments, it said.

The…

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