France offers 12 euros per share to take full control of EDF

The French government is offering 12 euros per share to buy the 16% stake in debt-laden EDF it does not already own, as it moves to take full control of Europe's biggest nuclear power operator, the finance ministry said on Tuesday.

This would represent a premium of 53% to a closing price of July 5, before the government announced the planned nationalization, the ministry said, adding the overall value of the buyout offer totaled 9.7 billion euros ($9.85 billion).

($1 = 0.9846 euros)