LONDON: Electricitede France SA dropped the most in seven weeks in Paris trading after announcing plans to sell about 4 billion euros (US$4.5bil) of new shares and deepen cost cuts.
EDF sank as much as 8.6%, the biggest intraday decline since March 7, and the most among companies on the Euro Stoxx Utilities Index. The utility is seeking to bolster its finances as it studies whether to move forward with a controversial nuclear power plant project in the UK.
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