The second largest shareholder at French utility EDF has called the company’s investment in the Hinkley Point C nuclear power project in England ‘a financial catastrophe foretold’.
EDF Actionnariat Salarie, the utility’s second-largest shareholder, stated that the £18bn project is so expensive and risky that it threatens the very survival of the French utility.
The association of employee-shareholders said, “EAS asks the management of EDF to stop this risky project, whose financial risks are too big for our company and which could put EDF’s very survival at risk,” the association said.
EDF staff own 1.72pc of the utility’s capital, making employees the second-largest shareholder after the French state, which hold 84.5pc, according to ThomsonReuters data.
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