EDF shares surge as France eyes nationalisation cost of €8bn to €10bn 

EDF shares were up 5% early in the session at €10.14, making them the best performer on France's SBF-120 equity index which was down 0.8%.

EDF shares surged on Tuesday, after two sources told Reuters that the French government was poised to pay more than €8bn ($8bn) to bring the power giant back under full state control.

One of the sources said the cost of buying the 16% stake the French state does not already own in EDF could approach €10bn, when accounting for outstanding convertible bonds and a premium to current market prices.