Septembre 2016 / Reuters

EDF’s hands tied tighter by UK’s golden share in Hinkley Point

By Geert De Clercq | LONDON - Thu Sep 15, 2016 | 10:34am EDT

Heavily indebted French utility EDF had its hands tied tighter on Thursday as it accepted the British government's demand for an effective 'golden share' in its $24 billion Hinkley Point C nuclear plant project in England.

EDF's bond yields rose to their highest in two months, while the cost of default insurance for its debt rose more than three percent after news of the deal, which allows the British (...)

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