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Takeover bid undervalued, board of directors out of the loop… In the eyes of employee shareholders, the financial transaction raises several problems. They complained on Monday, November 7th, the day before the Financial Market Authority made its final decision on the opening of the takeover bid.
The state can no longer cope with repeated crises in the energy world. And a new front could upset the schedule for EDF’s 100 percent “nationalization.” According to our information, this Monday afternoon, employee shareholders will entrust the energy giant with an hourly summary, the hearing of which will take place at 2.30 p.m., to request the suspension of the last Board of Directors administration, validating in particular the share buyback price set at 12 euros by the State. A decision that could delay the seal of the Financial Markets Authority (AMF) for this operation and add to an already large bill for EDF. Upon request, the company does not wish to comment at this time.
In the interim summons they submitted, which Liberation has been able to consult, two employee shareholder associations – FCPE Actions EDF and Energies en Actions Company Investment Fund – are calling for “the suspension of the effects of the second meeting of the EDF Board of Directors” on October 27. There is urgency: the AMF must finally give the green light on Tuesday to the operation that will allow the state to return 100% of the capital. It seems complicated for the authority to decide on the summary procedure before issuing the order, which it could thus reject