A takeover bid will be launched “at the beginning of September”, announces Bercy, which plans to pay 12 euros per share.
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The sum is significant. The State intends to spend 9.7 billion euros to renationalise EDF, announced the Ministry of the Economy in a press release published on Tuesday July 19. A simplified takeover bid (OPA) for the company’s equity securities should be launched “early september“with the Financial Markets Authority, explains Bercy.State currently holds 84% of EDF’s capital, who is heavily in debt.
The takeover bid on the 15.9% of the capital remaining to be acquired, will only be made if an amending finance law is adopted in Parliament with the necessary credits, will be made on the basis of an offer of 12 euros per share , and €15.64 per OCEANE (convertible bond). In response to the announcement, the EDF share, suspended on the stock market since July 13 at its request, resumed its quotation on Tuesday and its price jumped by nearly 15%, close to the price proposed by the State within the framework of its takeover bid (OPA).