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Centrica is being barred by the government from making a solo bid for British Energy, according to one of the nuclear generator's largest institutional shareholders. The shareholder, who spoke on condition of anonymity, also questioned why preferred bidder EDF retains the 'irrational total support' of the government.
more from www.guardian.co.uk
Britain continues to favour a tie-up between British Energy and French energy group EDF, Energy Minister Malcolm Wicks said in an interview published Monday. Speaking to the Financial Times last week while on a visit to Lagos, Wicks said a deal with EDF was "the most sensible option" and added that the government thought "that's the natural link".
more from afp.google.com
Recriminations over who was to blame for the collapse of the £12bn British Energy takeover deal have begun in earnest with questions raised over the credibility of the nuclear generator's board and the Government's entire energy policy. The deal fell apart late on Thursday evening when Sir Adrian Montague, chairman of BE, informed EDF shortly after 10pm that his board would be unable to recommend the French utility's offer as a number of shareholders, including Invesco and M&G, felt it was too low.
more from www.telegraph.co.uk
France's EDF and Britain's nuclear generator, British Energy, are understood to have reached agreement in principle on the terms of an agreed bid. Although work on an offer is continuing, the French company is understood to be keen to finalise a deal next week, ahead of publication of its latest figures on Friday.
more from www.guardian.co.uk
It's been one of the longest negotiations in corporate history, but I have learned that EDF of France - in partnership with Centrica - is likely to announce early next week that it is buying British Energy, the UK's nuclear power generator, for more than £12bn.
more from www.bbc.co.uk
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