EDF she informed in due time and full, investors on matters that may affect the share price? This is the question that obviously seeks to meet the Financial Markets Authority (AMF), which on Thursday sent investigators at the Paris headquarters of EDF. A move that marks the opening of an investigation on the financial information disclosed to the market by the electrician since 2013, did to sources close to the case, confirming a newspaper information Le Monde. “Three people AMF showed up this morning at EDF and have therefore started an investigation process on the financial information EDF has provided the market since 2013,” said the source close to the Agence France-Presse.
“the AMF members came to the office,” said a union source, that it is “a first” for EDF. Interviewed by Agence France-Presse, EDF and the AMF did not wish to comment. According to the source close to the dossier, the investigators asked “parts, information, dates, reports” concerning mainly the renovation program of the French nuclear power plants ( “refit”) and the controversial construction project of a nuclear power station at Hinkley Point (England).
They presented a warrant stating the period under review, ie “2013 today “she said. This period covers “so the current Presidency and the previous” those of the current CEO Jean-Bernard Levy and his predecessor Henri Proglio. Stock market offenses related to financial reporting may be of several kinds: for example miscommunication or misinformation, the latter being the most serious cases. The “grievances” that will eventually be selected are notified at the conclusion of the investigation and may lead to a sanction procedure.
Then the initiation occurs AMF EDF is preparing to make a final decision on the construction of a nuclear plant at Hinkley Point, England. A project of 18 billion pounds (21.6 billion euros), which is strongly opposed by some unions fearing a weakening financial group owned approximately 85% by the French State. EDF announced Thursday convening a board intended to decide the matter on 28 July. “EDF has called this day a board to be held July 28, 2016 and whose agenda includes the final investment decision on the EPR two reactor construction project at Hinkley Point C ??” has the group said in a statement. For its part, the central works council (CEC) initiated a lawsuit against the electrician for more information about the project. And while EDF considers that ended in early July the consultation procedure, a hearing was set for 22 September.