Energie en Actions, an association of current and former EDF employee shareholders, announced on Tuesday that it had withdrawn its application for a stay of execution concerning the French government's takeover bid for the energy company.

Energie en actions had initiated two proceedings following the AMF's decision to declare compliant the simplified takeover bid for EDF shares initiated by the French government, the association said in a press release.

The association added that it had taken note of the French government's undertaking "not to implement a squeeze-out before the Paris Court of Appeal has ruled on the appeal on the merits", which met its main demand. (Written by Kate Entringer, edited by Matthieu)