Steam rises from cooling towers of the Electricite de France (EDF) nuclear power station in Belleville-sur-Loire

EDF shares rise after French PM says state will nationalise company

PARIS (Reuters) – Shares in French power group EDF spiked by as much as 8% on Wednesday after French Prime Minister Elisabeth Borne told parliament the state aimed to fully nationalise the debt-laden utility in which it already holds over 80%.

EDF shares traded 5.1% higher at 1344 GMT.

(Reporting by Dominique Vidalon, editing by Tassilo Hummel)