Centrica nears deal to buy nuke stake

Source: Agencies | May 11, 2009, Monday |

Print Edition

BRITISH energy firm Centrica PLC is on the brink of a deal to buy a 25-percent stake in nuclear power operator British Energy for 3.1 billion pounds (US$4.7 billion), newspapers reported yesterday.

The Sunday Times and Sunday Telegraph said French power provider Electricite de France SA had agreed to sell the stake to Centrica, which owns British Gas.

In January, EdF completed a 12.5-billion-pound takeover of British Energy, which runs eight United Kingdom-based nuclear power stations.

The Sunday Times said the companies hoped to announce the deal at Centrica's annual meeting in London today. Centrica spokesman Andrew Turpin declined to comment.

The firms agreed on the deal in principle last summer, but talks have bogged down amid falling electricity prices.

Energy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Centrica nears deal to buy nuke stake

Email this to your friend