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France launches EDF energy sell-off.

Asia Africa Intelligence Wire

| October 25, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Turkish Daily News)

France's conservative government gave the green light on Monday to the sale of up to 15 percent of power giant EDF, in a politically charged partial privatization criticized by unions and opposition Socialists

Prime Minister Dominique de Villepin said the French state would keep at least 85 percent of what has until now been a jealously guarded state utility, after opening up its capital to the public in a maneuver to be launched within days

"The opening of EDF's capital will be a fine example of popular share ownership in France," Villepin told a news conference

He did not give any financial details of the …

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