French state-owned utility, EDF, has backed out of talks to purchase a 51 percent stake in Polish state-controlled energy group, Enea, Reuters reports, citing unnamed sources close to the deal. EDF had been an exclusive partner in talks for a number of months.
Reuters’ unofficial report on EDF’s withdrawal from the zł.5.5 billion transaction led Enea’s shares to fall 3.4 percent to zł.21.2 apiece yesterday. Both EDF and the Polish Ministry of Treasury declined to comment on Reuters’ (...)
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