French government spokesman: no reason for concerns over EDF's future

PARIS – French government spokesman Gabriel Attal said there was no reason to worry over the future of state-controlled energy giant EDF, whose shares have been hit in recent weeks after a government move to get EDF to sell more cheap power to rivals.

The French state owns 84% of EDF’s shares.

The government of President Emmanuel Macron – facing a re-election battle in three months and keen to head off public anger over rising power bills – has ordered EDF to sell more cheap nuclear power to rivals.