Decision of the Paris Commercial Court
EDF welcomes the decision rendered today by the President of the Paris Commercial Court, which rejects the request, filed by the non-profit organization Energie en Actions and the employee shareholding fund Actions EDF, to suspend the effects of a decision taken by EDF’s Board of Directors on October 27, 2022. On that date, EDF’s Board of Directors issued a positive reasoned opinion on the draft simplified public tender offer filed by the French State. The offer remains subject to the French Financial Markets Authority (AMF)’s review1.
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About EDF
As a major player in energy transition, the EDF Group is an integrated energy company active in all businesses: generation, transmission, distribution, energy trading, energy sales and energy services. EDF group is a world leader in low-carbon energy, having developed a diverse production mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 38.5 million customers (1), of whom 29.3 million in France (2). It generated consolidated sales of €84.5 billion in 2021. EDF is listed on the Paris Stock Exchange.
(1) Since 2018, customers are counted per delivery site. A customer can have two delivery points: one for electricity and another one for gas.
(2) Including ÉS (Électricité de Strasbourg) and SEI.
1 See press release on 27 October 2022
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