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German energy group to rethink investments in France due to 2021 coal phase-out

Uniper SE, a German energy group, said it plans to rethink its business in France on back of French President Emmanuel Macron's November 2017 declaration that the country would phase out coal-fired power stations by 2021, Reuters reported Aug. 7.

"We couldn't absorb a blow like this with our remaining business in France ... since we just concluded a 10-year phase of restructuring and new investment," Reuters reported Finance Chief Christopher Delbrueck as saying.

"We'd have to think seriously about Uniper's future in France," Delbrueck told journalists during a call after the release of first-half results.

Uniper owns about 2,100 MW of installed capacity in France, 1,200 MW of which are coal, the report said.