French electricity giant Electricite de France SA (EDF.FR) is still determined to grow in Germany, despite the recent sale of its 45% stake in EnBW Energie Baden-Wuerttemberg AG (EBK.XE), daily newspaper Handelsblatt reports ahead of publication Tuesday.

Pierre Lederer--executive board member in charge for continental Europe , including the German market--tells the newspaper in an interview that state-controlled EDF is willing to invest large amounts of money to expand in Germany , possibly via acquisitions.

" Germany is the largest energy market in Europe . We need to be present here," Lederer is quoted as saying.

Lederer said EDF is keen to supply large customers with energy and is contemplating taking stakes in power plants or renewable energy projects, Handelsblatt reports.

EDF would also be interested in acquisitions in Germany and is monitoring the market for opportunities, Lederer is quoted as saying, adding that municipal utilities are "frequently looking for partners."

In December, EDF agreed to sell all of its shares in EnBW to the southern German state of Baden-Wuerttemberg in a deal that valued the stake at around EUR4.67 billion.

The company's remaining activities in Germany focus on the wholesale of energy and a stake in a natural gas storage, Handelsblatt says.
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