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The Republic of France has announced the nationalisation of Électricité de France (EDF), a key energy utility company predominantly owned by the French government. The move aims to acquire all outstanding shares of EDF, reinforcing its credit profile. EDF, which serves over 35 million customers and generates around 80% of France’s electricity, has its subsidiary, ENEDIS, managing most of the national electricity distribution network. The nationalisation is expected to strengthen the credit characteristics of both EDF and ENEDIS, maintaining their high investment grade ratings.