EDF, McPhy Energy Sign Partnership Agreement
June 06 2018 - 01:42AM
Dow Jones News
By Anthony Shevlin
Electricite de France SA (EDF.FR) said late Tuesday that it
signed a partnership agreement with McPhy Energy (MCPHY.FR) to
develop carbon-free hydrogen in France and worldwide.
EDF said its EDF Nouveaux Business division will invest about 16
million euros ($17.7 million) in McPhy Energy via a subscription to
a reserved capital increase, subject to approval by McPhy
shareholders and French market authorities.
Two directors designated by EDF Nouveaux Business will be
proposed to McPhy's shareholders at a meeting on June 26, EDF said.
EDF said it will then become McPhy's key shareholder.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
June 06, 2018 01:27 ET (05:27 GMT)
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