France will fully nationalise EDF (EDF.PA) , Prime Minister Elisabeth Borne said on Wednesday, in a move that would give the government more control over a restructuring of the debt-laden group while contending with a European energy crisis. EDF, in which the state already owns 84%, is one of Europe’s biggest utilities and sits at the heart of France’s nuclear strategy, which the government is banking on to blunt the impact of soaring energy prices exacerbated by the prospect of an abrupt halt to Russian gas supplies. But instead of being an ace in the government’s hands, however, it has become a major headache owing to years of delays on new nuclear plants in France and Britain, with budget overruns in the billions of euros. “I confirm to you today that the state intends to control 100% of EDF’s capital”, Borne said in her […]