EDF has bid alone for British Energy

LONDON (Reuters) - French utility EDF has submitted a takeover proposal for UK nuclear generator British Energy , sources familiar with the matter said on Friday.

The Paris-based company, which sources familiar with the matter had said planned to bid "substantially less" than 700 pence per share, has made its offer alone rather than with a partner, said the sources.

EDF could however yet tie up with a rival like energy supplier Centrica later in the process, said the sources.

EDF and British Energy declined to comment.

(Reporting by Mathieu Robbins; Editing by David Cowell)

• Email Story
• IM Story
• Printable View
• Blog This

Recommend this article

Sponsored Links

(What’s this?)