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France asks power and gas utilities to ready for partial privatization next year
Saudi Press Agency Published in Saudi Press Agency on 18 - 11 - 2004


France's government said Wednesday it has
asked power and gas utilities Electricite de France and Gaz
de France to prepare for their partial privatization in
2005.
The government asked EdF to prepare a share issue worth
between ¤8 billion and ¤11 billion (US$10.4 billion and
US$14 billion) to help restore finances at the world's
largest power company as measured by installed capacity.
GdF must also carry out preparatory work for a capital
increase in 2005, the Finance Ministry said in a statement.

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