France denies mulled EDF stake sale in Alstom talks: ministry


The French government never considered selling part of its stake in utility EDF to buy out a minority shareholder in Alstom, a French finance ministry official said on Tuesday, denying a media report.

"The sale of EDF shares was never considered in the context of Alstom talks," the official said.

Continue Reading Below

Magazine Nouvel Observateur reported earlier that the government was considering selling part of its stake to raise 6 billion euros ($8.3 billion) and use three billion to buy out Bouygues, which holds 29 percent of Alstom, and the other three billion to recapitalize the company.

($1 = 0.7223 Euros)

(Reporting by Yann Le Guernigou; Writing by Nick Vinocur; Editing by Leigh Thomas)