Electricite de France aims to buy out renewable-energy unit

04/10/2011 | Bloomberg

Electricite de France wants to buy the remaining 50% of renewable-energy unit EDF Energies Nouvelles for as much as $2.16 billion. Energies Nouvelles Chairman Paris Mouratoglou owns a 25% stake. "Renewable energy projects are becoming more significant in size and more complex," said Electricite de France Chief Financial Officer Thomas Piquemal. "Development is becoming more industrial."

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