French power group EDF denies it is considering sale of Italian subsidiary Edison
PARIS (Reuters) – French power group EDF denied on Friday an earlier Italian media report that it was considering a sale of its Italian arm Edison.
“EDF denies in full the information published today by the daily MF-Milano Finanza according to which the group is considering the sale of its subsidiary Edison,” said an EDF spokesperson.
The French government is currently in the process of fully nationalising EDF.
Italian publication Milano Finanzo had reported that while details had yet to be ironed out, the idea was to kick-off the Edison sale process in the first quarter of next year, once EDF’s nationalisation process had been completed.
Last month, EDF issued its fourth profit warning of the year, as it fell to a loss in the first half on lower nuclear output.
(Reporting by Juliette Jabkhiro and Agnieszka Flak; Editing by Sudip Kar-Gupta)