France Won’t Dismantle EDF After Buyout, Finance Ministry Says

The French government, which plans to retake full ownership of Electricite de France SA, has no plan to subsequently dismantle the utility after the €9.7 billion ($10 billion) buyout, according to the Finance Ministry.

The state, which already owns 84% of the nuclear giant, wants the company to keep growing its output of renewable energy alongside building new nuclear plants, Finance Ministry officials said at a press briefing on Monday. Earlier, a lawmaker had said the government was still pursuing a project to spin off minority stakes in some of EDF’s activities.

The government also has no ...