--Electricite de France SA's long-awaited restructuring may not be ratified by the French government this year, French news channel BFM reports, citing unnamed sources.

--The project, known as Hercules, has been delayed by the European Commission which is asking for six more months of discussions, according to BFM.

--The extended time frame for the project, which aims to split up the French state-controlled electric utility company's activities, wouldn't allow the reform to be passed in parliament by the end of the year, BFM reports.

 

Full story in French: https://bit.ly/2YdDisW

 

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(END) Dow Jones Newswires

January 25, 2021 06:03 ET (11:03 GMT)

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