French stock market watchdog AMF extends EDF buyout offer after legal challenge
Reuters
Published Dec 07, 2022 14:54
Updated Dec 07, 2022 15:56
PARIS (Reuters) -French markets regulator AMF said on Wednesday it had decided the French state must extend its offer to buy out minority shareholder in nuclear power group EDF (EPA:EDF) pending a Paris court ruling on a legal challenge against the AMF's earlier approval of the offer.
The offer that opened on Nov. 24 was to due expire on Dec. 22. AMF said it will soon publish a new timetable for the offer.
An appeal was launched on Dec. 2 by a group of employee shareholders asking the court to cancel AMF's aproval of the offer.
France is buying out the 16% of EDF it does not already own to take the company private and have a free hand in running it as European governments seek to secure its energy supplies.
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Written By: Reuters
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