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French institutions play it cool on EdF sale

French institutional investors have so far given a lukewarm reception to the potential €62bn ($73bn) part-privatisation of the country's electricity giant Electricité de France. French asset management sources said the issue could attract increased interest next week.

Thierry Breton, France's finance minister, said today on the French radio that the order book on EdF for institutional investors was full. He said: "The institutional investors have already fulfilled their quota."

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