Electricite de France is bought by the government

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday, July 19, the stock price of EDF jumped by 15.00% at the start of the day's European trading. The surge was caused by news that the French government would buy out the debt ridden company for a total of 9.7 billions Euro.

In the meantime, note that the stock has been recovering, as talks of an upcoming buyout have been circulating. In total, the stock price has recovered 42.43% during six days of trading since July 12.

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