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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE (EDF)
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Electricite de France : EDF considering options over its 80 percent stake in UK nuclear plants

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07/11/2018 | 10:59am CEST
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 -1.22% 153.8 Delayed Quote.13.40%
ELECTRICITÉ DE FRANCE 0.61% 12.34 Real-time Quote.17.71%
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Financials (€)
Sales 2018 70 139 M
EBIT 2018 6 094 M
Net income 2018 1 864 M
Debt 2018 39 416 M
Yield 2018 2,40%
P/E ratio 2018 19,72
P/E ratio 2019 16,68
EV / Sales 2018 1,09x
EV / Sales 2019 1,09x
Capitalization 36 921 M
Chart ELECTRICITÉ DE FRANCE
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Electricité de France Technical Analysis Chart | EDF | FR0010242511 | 4-Traders
Technical analysis trends ELECTRICITÉ DE FRANCE
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 20
Average target price 11,7 €
Spread / Average Target -5,0%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier 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 FRANCE17.71%42 965
ENGIE-6.56%37 961
NATIONAL GRID PLC-3.41%37 161
SEMPRA ENERGY8.13%30 537
ORSTED22.14%27 014
E.ON6.89%24 807