EDF in talks on sale of RTE grid network

French state-owned utility EDF is mulling the sale of its power distribution network in what could amount to a $17.1bn (EUR15bn) deal.

Bloomberg reports that EDF are considering a stake sale or partial spin-off for later this year of Reseau de Transport d’Electricite (RTE) and is in discussions with advisers on the possibilities of offloading its share.
Jean-Bernard Levy
Insiders told the news agency that EDF hasn’t made a final decision and any deal is dependent on new Chief Executive Officer Jean-Bernard Levy settling on his strategy, and the French government agreeing to the terms, the people said.

While a sale process may attract large institutional investors including sovereign-wealth, pension and infrastructure funds, such potential buyers would only be allowed to bid if French laws that limit ownership of RTE to EDF or state-held entities are changed.

RTE employs 8,400 people and runs more than 104,000 km of electricity lines across France.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...