British Energy says takeover talks continue

CIVIL NUCLEAR

by Staff Writers
London (AFP) July 17, 2008
Nuclear power operator British Energy said Thursday that it was continuing to hold talks with potential buyers.

The firm had said last month that a series of takeover proposals it had received from unnamed parties had undervalued the company.

"Our dialogue is continuing and a further announcement will be made in due course, however ... we will not be able to discuss the process in further detail today," British Energy said in a statement issued ahead of its annual general meeting on Thursday.

French state-owned energy giant EDF is regarded by analysts as the favourite to win a European battle to buy British Energy, which is a third-owned by Britain's Labour government.

German power giant RWE has also been linked with a possible bid for British Energy, while Spain's Iberdrola has ruled out a move.

The British government has a 35.2 percent stake in British Energy, which provides nearly 19 percent of the country's electricity, and owns and operates eight nuclear power stations.

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CIVIL NUCLEAR

New French giant GDF Suez interested in British nuclear sites

Paris (AFP) July 16, 2008
Newly formed global energy giant GDF Suez of France is interested in nuclear power operator British Energy but only if the company is split up and sold off site by site.

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