* Receives 5.8 bln sterling offer from Cheung Kong for grids

* EDF H1 EBITDA 10.4 bln eur, up 4.4 percent

* StarMine SmartEstimate for H1 EBITDA 9.8 bln eur

(Adds details, background)

FRANKFURT/PARIS, July 30 (Reuters) - France's EDF, Europe's
second-largest utility by sales, kept its targets for the year
as it confirmed the sale of its UK power grids for 5.8 billion
pounds ($9.1 billion) to firms controlled by Asia's richest man,
Li Ka-shing.

The Paris-based company said it had received an irrevocable
offer for the grids from a consortium of Cheung Kong
Infrastructure, Hongkong Electric and the Li Ka-Shing
Foundation.

The company reported first-half EBITDA (earnings before
interest, taxes, depreciation and amortization) of 10.4 billion
euros ($13.6 billion), beating the 9.8 billion euros
SmartEstimate from Thomson Reuters StarMine, which is based on
estimates from six analysts.

StarMine gives more weight to recent estimates and to
analysts who have been more accurate than others in the past.

EDF also said on Friday that nuclear output would be higher
in 2010 as it confirmed full-year guidance for EBITDA growth of
between 3 and 5 percent.

EDF is valued at 15 times earnings per share as calculated
by StarMine for the coming 12 months, a 29 percent premium to 25
peers such as Enel from Italy and E.ON from Germany.
(Reporting by Peter Dinkloh; Additional reporting by Victoria
Bryan in London)
($1=.6395 pounds)
($1=.7641 euros)