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British Energy says has received several offers for company
London (AFP) May 16, 2008 Nuclear power operator British Energy said Friday that it has received several offers from parties interested in the company as Britain prepares major new atomic energy investment. British Energy "was in discussions with interested parties in the context of its future and its plans to take a pivotal part in any new nuclear programme," it said in a statement. It did not identify the companies involved, saying only that the board "has decided that discussions should continue with all the parties concerned. "Each of the proposals requires further development and ... the process is therefore likely to continue for a number of weeks," it added. It said several offers for the company were priced above 680 pence per share, the closing price on Thursday. Recent British press reports have said state-owned French power company EDF had submitted an offer for British Energy and bought land near two existing nuclear sites in England and Wales. Friday is the deadline for bids for the British government's 35.2 percent stake in British Energy, which provides nearly 19 percent of the country's electricity. It owns and operates eight nuclear power stations. German power giants RWE and E.ON plus Spain's Iberdrola have also been named as possible bidders. Any company buying the government's stake must table an offer for the rest of British Energy under British takeover rules. In early afternoon deals, British Energy shares were up 6.69 percent to 725.5 pence. EDF gained 0.15 percent to 67.64 euros, RWE climbed 0.63 percent to 77.75 euros, E.ON rose 0.94 percent to 132.08 euros but Iberdrola fell 0.51 percent to 9.72 euros. The British government approved a new generation of nuclear power stations in January this year, signalling that they were likely to be built on or near existing sites primarily by private firms. Community Email This Article Comment On This Article Share This Article With Planet Earth
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Japan says to help Vietnam build nuclear power plant
Tokyo (AFP) May 15, 2008Japan said Thursday that it had signed an agreement to help Vietnam build its first nuclear power plant. |
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