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UPDATE 2-France denies delay sought for EDF restructuring talks – Reuters

By Reuters Staff

3 Min Read

(Adds details, background)

PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday.

French broadcaster BFM Business reported on Monday that the European Commission wanted a further six months of talks because it could not give a green light to the restructuring plan as it stands now.

EDF shares fell over 18% on the report but trimmed the losses to be down around 14% at 1503 GMT on Monday after the finance ministry sources comments.

This negotiation is underway and in any case no additional time to finalise it has been requested, the source said, adding that the …

Read the full article at: https://www.reuters.com/article/edf-restructuring-eu/update-2-france-denies-delay-sought-for-edf-restructuring-talks-idUSL1N2K00YP

Category: RestructuringBy Insolvency GuardianJanuary 25, 2021

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UPDATE 2-France denies delay sought for EDF restructuring talks – Reuters

By Reuters Staff

3 Min Read

(Adds details, background)

PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday.

French broadcaster BFM Business reported on Monday that the European Commission wanted a further six months of talks because it could not give a green light to the restructuring plan as it stands now.

EDF shares fell over 18% on the report but trimmed the losses to be down around 14% at 1503 GMT on Monday after the finance ministry sources comments.

This negotiation is underway and in any case no additional time to finalise it has been requested, the source said, adding that the …

Read the full article at: https://www.reuters.com/article/edf-restructuring-eu/update-1-france-denies-delay-sought-for-edf-restructuring-talks-idUSL1N2K00YP

Category: RestructuringBy Insolvency GuardianJanuary 25, 2021

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PreviousPrevious post:At UN conference, PM Imran suggests further debt relief for stressed countries – DAWN.comNextNext post:Codere Extends Debt Note Maturity to 2023 – GamblingNews.com

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July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
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McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
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