EU orders France to recover 1.4 bln euros in state aid given to EDF

The European Commission said France failed to charge all corporation tax owed by state-owned utilities giant in 1997, adding interest to the sum due.

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European Union regulators ordered France to recover 1.37 billion euros ($1.5 billion) in state funds from Eléctricité de France after concluding the French electricity supplier had benefited from illegal tax breaks, reports The Wall Street Journal.