By Nathan Allen

Shares in Electricite de France S.A. (EDF.FR) rose sharply Thursday afternoon after French media suggested the state-controlled power generator may be broken up as part of a sweeping privatization drive.

A report published in France's Challenges magazine said the agency which manages state holdings is working on a plan to separate EDF's nuclear and renewables operations.

At 1509 GMT, EDF was trading 6.4% higher at 11.94 euros ($13.82) a share.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 21, 2018 11:27 ET (15:27 GMT)

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