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Article: A very big French turn-off - Electricite de France.(The shocking state of Electricite de France)
- Article from:
- The Economist (US)
- Article date:
- July 3, 2004
CopyrightCOPYRIGHT 2004 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hands off my EDF!
Under pressure from the European Union to liberalise energy markets, the French government wants to part-privatise Electricite de France, the world's biggest utility. Should investors buy?
When France's centre-right government announced in 2002 its intention to part-privatise Electricite de France (EDF), the giant state-owned electricity group, its task was never going to be easy. But the government and the company were unprepared for just how hard it would turn out to be. In recent weeks EDF's workers have taken to the streets in protest against the passing of a bill, soon to be enacted, that paves the way for part-privatisation. As ...