Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
British Energy denies takeover agreement with EDF
+ -
16:03, August 01, 2008

 Related News
 French energy giant to purchase stake in British Energy
 French firm to invest 4 bln USD in electricity plant construction in Vietnam
 Comment  Tell A Friend
 Print Format  Save Article
British Energy, which provides almost one fifth of Britain's electricity, denied on Friday that it had reached a takeover agreement with French energy giant EDF.

"Advanced discussions with a party have continued but without agreement to date," said the nuclear power operator in a brief statement.

The executive board of EDF (Electricite de France), Europe's top electricity producer, approved a purchase bid for British Energy on Thursday, according to French media reports.

EDF plans to purchase a 35.2 percent stake of the company partially held by the British government at a price of 5.45 billion euros (8.05 billion U.S. dollars).

In May, British authorities had refused purchase proposals from EDF, saying it had undervalued the company.

EDF, an international heavyweight in civil nuclear power production, earned profit of 5.62 billion euros (8.3 billion U.S. dollars) in 2007.


  Your Message:   Most Commented:
Sarkozy's conditions for Olympics visit met with anger by Chinese netizens
Miss Venezuela crowned Miss Universe 2008
Beijing promises air quality during Games
U.S. presidential candidates debate over Iraq's demand for withdrawal timetable
Report: Clinton on Obama's VP potential list

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved