EDF delays Edison stake sale to 2027 as LNG crisis drags on
EDF postponed the sale of its Edison stake to 2027 due to Middle East energy disruptions. The firm is now adjusting business plans to reflect LNG cargo cuts.
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France utility EDF is postponing the sale of its stake in Italian subsidiary Edison until 2027. The delay stems from Natural Gas supply disruptions caused by the conflict involving Iran. The move stalls EDF's effort to raise up to €7 billion to €10 billion to fund its global nuclear reactor investments.
