PARIS, April 15 (Reuters) – French utility EDF will kick off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utilitys nuclear activities, Le Parisien newspaper reported on Monday.
The paper said that state holding company APE chief Martin Vial and a finance ministry official had confirmed that the boards strategy committee would review a restructuring plan for the firm on May 28.
It added that on June 7, the plan – codenamed Project Hercules – would be presented to 200 top managers and on June 20 to union representatives.
The French government said in November it would consider boosting its stake in EDF and possibly create a new parent company with subsidiaries. …
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