Faced with the sharp drop in its results in 2022, EDF announced on Friday a fundraising which will increase its capital by more than 3.1 billion euros.
Of this sum, which aims to strengthen its finances, 2.7 billion will be contributed by the State, which owns the group at nearly 84%.
Despite net profits multiplied by 8 to 5.1 billion euros in 2021, the group will be heavily affected this year due to corrosion problems on its nuclear fleet and the volume of electricity that the State forces it to sell. at low prices to contain rising bills.
For this fundraising, EDF will sell two new shares for 13 existing shares, at a unit price of 6.35 euros per new share, with preferential subscription rights maintained.
"The capital increase that we are launching today will allow the Group to strengthen its balance sheet structure in the context of the events of early 2022, and to pursue its CAP 2030 strategy", indicated the CEO of the group Jean-Bernard Lévy, quoted in the press release.
For its part, the Ministry of the Economy explained that the State's contribution aimed "to secure EDF's financial situation and its financing capacity in the short and medium term, and allows the company to pursue its strategy profitable development within the framework of the energy transition”.
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