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EDF has bid alone for British Energy
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Posted 10 May 2008 @ 07:02 am GMT
French utility EDF has submitted a takeover proposal for UK nuclear generator British Energy, sources familiar with the matter said on Friday.
REUTERS/British Energy/Handout
Global Radio increases bid for GCapThe 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)
Copyright 2006 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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