Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE (EDF)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Electricite de France : EDF considering options over its 80 percent stake in UK nuclear plants

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2018 | 10:59am CET
The logo of Electricite de France SA (EDF) is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte

PARIS (Reuters) - French state-controlled power group EDF said on Wednesday it was considering its options regarding Britain's nuclear plants, adding that it wanted to keep a majority stake.

The Sunday Times had reported over the weekend that China General Nuclear (CGN) was in early-stage talks with EDF Energy and its partner Centrica about acquiring a share of up to 49 percent in Britain's fleet of eight power stations.

Centrica itself had said in June it planned to sell its 20 percent stake in the UK nuclear power plants by the end of 2020.

"Following Centrica’s announcement of its intention to sell its 20 percent stake in EDF Energy’s operating nuclear fleet by 2020, EDF is currently taking steps to support this process and considering different options – while remaining committed to maintain control and majority ownership of the asset," EDF said in a statement on Wednesday.

"No decision regarding a potential minority sell-down of its stake has been taken yet," added the French company.

EDF's British business EDF Energy owns and operates 15 nuclear reactors in eight nuclear power stations with a total capacity of 8.9 gigawatts, which generate about 20 percent of Britain's electricity.

Since 2009, Centrica has held a 20 percent stake in Lake Acquisitions Ltd, which holds EDF's operating UK nuclear generation assets but not its nuclear newbuild projects.

(Reporting by Geert de Clercq; Editing by Sudip Kar-Gupta)

Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA 0.83% 145.25 Delayed Quote.5.79%
ELECTRICITÉ DE FRANCE 0.30% 15.005 Real-time Quote.44.00%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ELECTRICITÉ DE FRANCE
11/15ELECTRICITE DE FRANCE : China-designed UK nuclear reactor plan clears second ass..
RE
11/13ELECTRICITE DE FRANCE : EDF's Nine-Month Sales Rose on Solid French Performance
DJ
11/13ELECTRICITE DE FRANCE : Quarterly Financial Information - 3rd quarter 2018
PU
11/13EDF : Quarterly Financial Information at 30 September 2018
GL
11/12Gazprom says Swiss court blocks Nord Stream payments
RE
11/12ELECTRICITE DE FRANCE : France's CGT union announces strikes at EDF over wages
RE
11/08ELECTRICITE DE FRANCE : EDF, IFC and the Republic of Cameroon sign final and bin..
PU
11/08ELECTRICITE DE FRANCE : EDF Inks Deal to Build Hydropower Plant in Cameroon
DJ
11/08ELECTRICITE DE FRANCE SA : quaterly sales release
11/06EDF : Payment of an interim cash dividend of €0.15 per share for 2018 fiscal yea..
GL
More news
News from SeekingAlpha
09/25GE turbine halted at EDF plant in France following U.S. shutdowns 
09/20Atlantic Power to buy South Carolina biomass plants from EDF 
09/20Total completes $1.7B Direct Energie deal, buys EV charging firm 
09/10New French environment minister raises prospect of EDF shake-up 
07/31Electricite de France's (ECIFY) CEO Jean-Bernard Lévy on Half Year 2018 Resul.. 
Financials (€)
Sales 2018 69 800 M
EBIT 2018 6 202 M
Net income 2018 2 199 M
Debt 2018 38 276 M
Yield 2018 2,17%
P/E ratio 2018 20,27
P/E ratio 2019 16,23
EV / Sales 2018 1,20x
EV / Sales 2019 1,18x
Capitalization 45 169 M
Chart ELECTRICITÉ DE FRANCE
Duration : Period :
Electricité de France Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 14,4 €
Spread / Average Target -4,4%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Senior Executive Vice President-Group Finance
Christophe Salomon Head-Information Systems
Bruno Lafont Director
Jacky Chorin Director
Sector and Competitors
1st jan.Capitalization (M$)
ELECTRICITÉ DE FRANCE44.00%51 574
NATIONAL GRID PLC-5.95%35 882
ENGIE-14.89%33 923
SEMPRA ENERGY3.80%31 435
ORSTED33.16%29 005
E.ON0.77%22 948