Cleary Gottlieb Steen & Hamilton is taking a leading role on the nationalization of Electricité de France (EDF), advising the French state in connection with the announced €9.7 billion tender offer for the country’s largest supplier of electricity.
The French state, which already holds 84.1% of EDF’s share capital, intends to acquire the remaining 15.9 % shares as well as the 60% of convertible bonds it does not already hold, Cleary said in a statement.
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