February 13, 2017 / 8:06 PM / 5 months ago

BRIEF-EDF board backs capital increase of 4 billion by end Q1 2017

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Feb 13 (Reuters) - Electricite De France Sa

* Board of directors approve capital increase of about 4 billion euros ($4.24 billion)

* Operation to take place by end of Q1 depending on market conditions, regulatory approvals

* State has already committed to contributing 3 billion euros in capital hike

* BNP Paribas, HSBC, J.P. Morgan and Societe Generale arrangers Further company coverage: ($1 = 0.9435 euros) (Reporting by John Irish)

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