EDF In Talks With E.ON Over Taking A Stake In German Company - Nuclear Power Industry News - 0 views
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EDF is leading the drive to build the next generation of nuclear reactors in Britain According to a report by The Times Online, EDF, the heavily indebted French power group, is close to agreeing a big asset swap with E.ON, its German rival, but it played down reports recently that it was also considering the sale of a 20 percent stake in British Energy, the UK's nuclear generator. EDF, which is leading the drive to build the next generation of nuclear reactors in Britain, has begun a sweeping review of its businesses as it aims to cut its €37 billion (£33.5 billion) debt pile. In May, EDF sold a 20 per cent stake in British Energy, which it bought only a year ago, to Centrica, the British Gas owner, for €2.5 billion. Officials have denied a report in La Tribune that EDF was considering selling a further 20 percent stake in the company to help to fund its plans to build four nuclear reactors in Britain by 2025 however, they did not rule out the possibility.