Partial privatisation of EDF, GDF imminent

20th January 2005, Comments 0 comments

PARIS, Jan 19 (AFP) - French Finance Minister Herve Gaymard said Wednesday that energy groups Electricite de France (EDF) and Gaz de France (GDF) would be partially privatised "in the coming months".

PARIS, Jan 19 (AFP) - French Finance Minister Herve Gaymard said Wednesday that energy groups Electricite de France (EDF) and Gaz de France (GDF) would be partially privatised "in the coming months".

"I confirm that we are going to do it in the coming months depending on a timeframe which remains to be worked out," Gaymard said on French television channel LCI.

Amid strikes by power and gas workers Wednesday, he said that it was "logical to open their capital" to private investors given the important international investments of the two state-owned companies.

He added that the amount of EDF and GDF's capital open to private investors would not be greater than 30 percent.

© AFP

Subject: French News

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