EDF agrees on $23 bln takeover of British Energy
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Oluşturulma Tarihi: Eylül 24, 2008 09:33
Electricite de France SA, the world's largest operator of nuclear reactors, has agreed to buy British Energy Group Plc for an improved 12.5 billion pounds ($23 billion) as the UK accelerates a drive for atomic power.
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EDF will pay 774 pence a share for the country's biggest electricity producer, according to a statement issued on Wednesday.
British Energy, 35 percent owned by the British government, and EDF have been in takeover talks since at least March. EDF's original offer of 765 pence a share was rejected at the last minute in August by shareholders Invesco and M&G, which own 15 percent and 7 percent of British Energy respectively.
British Energy has been effectively up for sale since the government gave the green light to a fleet of new nuclear power stations in January. It owns eight active but aging plants, all of which have neighboring land deemed suitable for new construction.