Betaville

UNCOOKED ALERT: Electricite de France SA said to ... - Part 3

Rivals at Bloomberg picked up an interesting snippet this evening on the looming Electricite de France nationalisation (or buy-out of the minority shareholders).

According to Bloomie, Bruno Le Mare, the French finance minister, said a whopping EURO 12.7 billion has been put into a "special Treasury account" for EDF's nationalisation.

Although Le Mare makes it clear the EURO 12.7 billion isn't just fo the EDF deal the quote has got a few City wags excited...