The state ready to inject money into EDF
Emmanuel Macron then assured that the state, which owns over 84% of EDF, was ready to “need” to inject money to straighten the accounts for the electrician. “If there is need to recapitalize, we will,” he said. “If there is still need forego dividends, we will,” he added.
Last month, the state has elected to receive the dividend in shares of EDF rather than cash, thus avoiding the public group to spend 1.8 billion euros. “Efforts are all going to do. The state shareholder, we started to do it,” said the minister to the employees of the plant, in allusion to this renunciation of a cash dividend.
“The wage dynamics has been disconnected” from the changing economic situation of the company. “The social compromise was too generous”, also stressed the minister, who had made similar remarks in the National Assembly on 8 March.
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