On 22 November 2022, the Autorité des marchés financiers (“AMF”, the French Financial Market Authority) cleared the simplified public tender offer (“the Offer”) of the French State for the equity securities of EDF.
On 2 May 2023, the Paris Court of Appeal dismissed the claim seeking the annulment of the clearance decision on the Offer.
As a consequence, the AMF indicated in a notice published on 2 May 2023 that the Offer will be reopened from 4 May 2023 to 17 May 2023 included, in accordance with the undertakings taken by the French State and described in EDF’s press release published on 8 February 2023.
Once the re-opened Offer closes, the French State will request the implementation of a squeeze-out procedure, as described in the Offer document, since the legal and regulatory conditions will be met.
The EDF shares not tendered to the Offer and held by the French State will then be transferred to the French State in return for a compensation equal to the Offer price, i.e. €12.00 per EDF share.
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23 November 2022 – Document « Other information » of EDF PDF - 9.27 MB
On Thursday 27 October 2022, EDF filed its draft response document with the French Financial Markets Authority (AMF), including the reasoned opinion of the Company's Board of Directors and the independent expert’s report.
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27 October 2022 – EDF’s draft response document PDF - 3.73 MB
The French State, majority shareholder of EDF, filed on 4 October 2022, with the French Financial Market Authority (AMF) a draft offer document relating to the simplified tender offer for the shares and bonds convertible into and/or exchangeable for new and/or existing EDF.