France's EDF to be fully nationalised -prime minister

FILE PHOTO: A general view shows the four cooling towers and the reactors of the Electricite de France (EDF) nuclear power plant in Cattenom, France, February 14, 2022. REUTERS/Pascal Rossignol/

PARIS (Reuters) - The French government plans to fully nationalise EDF, Prime Minister Elisabeth Borne announced on Wednesday, sending shares in the debt-laden power utility sharply higher.

"I confirm to you today that the state intends to control 100% of EDF's capital", Borne said in her policy speech in the lower house of parliament as she set out her minority's government priorities.