EDF acquires 49% stake in Conergies Group

EDF acquires 49% stake in Conergies Group

French state-owned energy giant EDF has purchased a forty-nine percent stake, for an undisclosed sum, in Conergies Group.

African firm Conergies Group is a leading energy group with over 130 projects across the continent, including in Ivory Coast, Mali, Senegal, Burkina Faso, Benin and Guinea.

The acquisition comes as EDF face continued delays and additional costs across its European nuclear projects, such as Hinkley Point and Flamanville.

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