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-Electricite de France SA plans to acquire shares in EDF Energies Nouvelles.

International Resource News-April 8, 2011--Electricite de France SA plans to acquire shares in EDF Energies Nouvelles(C)1994-2011 ENPublishing -

International Resource News - 08 April 2011

Electricite de France SA (EDF.FR), a France-based power company, is planning to acquire shares in renewable energy-focused unit EDF Energies Nouvelles it doesn't already own, French daily Le Monde has reported citing EDF.

The company has taken this step following a board decision on April 8, 2011.

According to an advance copy of Le Monde's Saturday edition, EDF, which owns 50 percent in EDF Energies Nouvelles, it is to purchase 25.1 percent share in the unit owned by the Mouratogliou family and will seek to acquire the remaining shares it does not own.

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Publication:International Resource News (IRN)
Date:Apr 8, 2011
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