--Electricite de France SA is preparing a cost-cutting plan called Mimosa to save between EUR2 billion and EUR3 billion during the next years as the coronavirus crisis has hit its business hard, French newspaper Le Monde reports, citing unnamed sources.

--The plan could include the divestment of assets as well as a hiring freeze, and the state-controlled French utility will try to reduce costs at all its subsidiaries and divisions, according to Le Monde.

Full story in French: https://bit.ly/38HTeYV

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(END) Dow Jones Newswires

July 06, 2020 11:17 ET (15:17 GMT)