EDF clarifies position on Italian assets

EDF chief executive Jean-Bernard Levy says Italy will remain a key country for the French state-owned utility.

Levy told reporters on Thursday that the company wants to keep majority control of its Italian unit Edison.
In July, EDF announced a strategic review of its fossil-fuel fired power generation assets in continental Europe. It said it was looking at how Edison’s power and gas activities and its hydrocarbon exploration and production fit that strategy and that “everything is possible”.

“We are in Italy to stay,” Levy said, adding that EDF’s assets there will not necessarily remain unchanged forever, but that EDF wants to keep majority control.

Levy, who became EDF chief at the start of the year, wants to shift the group’s focus more towards low-carbon electricity production from nuclear and renewable energy.

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