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French energy giant EDF's UK subsidiary EDF Energy would not comment Wednesday on press reports that no deal would be reached with UK's Centrica over ownership of nuclear generator British Energy until after the European Commission ratified the French company's takeover bid. State-controlled EDF's Eur15.6 billion ($22 billion) takeover of British Energy was agreed September 24 by the boards of EDF and British Energy and is subject to UK and EC regulatory approval.
more from www.platts.com
One of British Energy’s biggest investors has so far declined to sell its stake to EdF, believing that the French company’s £12.5bn takeover bid may yet fail regulatory hurdles. M&G, which owns 5pc of the UK nuclear power generator and helped block EdF’s original offer, argues that the revised bid significantly undervalues British Energy.
more from www.telegraph.co.uk
EDF Energy's chief assures Margareta Pagano that consumers can put their trust in a new generation of nuclear reactors Vincent de Rivaz, the chief executive of France's EDF Energy, which is now in control of the UK's nuclear energy programme, doesn't laugh when I ask if he has succeeded where Napoleon failed.
more from www.independent.co.uk
t might look like any other power struggle, but the battle to succeed Pierre Gadonneix at EDF is about much more than merely becoming chairman and chief executive of one of Europe’s biggest energy groups. It has become a philosophical struggle, between free enterprise on the one hand and state control on the other, at the company that yesterday offered to pay £12.5 billion for British Energy.
more from business.timesonline.co.uk
Plans for Britain's future nuclear supply emerged in sharp focus yesterday after the French power giant EDF unveiled a £12.5bn deal to buy British Energy and build four new reactors in the UK. The state-owned company, already one of the UK's top six energy suppliers, plans to take over British Energy's eight nuclear generators, including Hunterston B and Torness in Scotland, and has identified six potential sites for its new model of water-pressurised reactor south of the border.
more from www.theherald.co.uk
French power giant EDF is preparing to make a sweetened offer for nuclear power firm British Energy (BGY.L: Quote, Profile, Research) as early as this week, the Sunday Express newspaper reported, without citing sources. The paper said the offer of about 770 pence a share was set to be signed off by EDF's board of Wednesday and could be announced the next day, although the timetable could also slip.
more from uk.reuters.com
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
Electricite de France SA, the world's largest owner of nuclear power stations, may sell U.K. atomic sites to gain approval for the purchase of British Energy Group Plc, two people with knowledge of the talks said.
more from www.bloomberg.com
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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