TWO European energy firms are
thought to be putting the final
touches to bids for Britain's upfor-
sale nuclear power provider
British Energy.
Spain's Iberdrola, which owns
Scottish Power, and French nuclear
firm EDF are expected to
provide detailed offers to investment
bank Rothschild, broker
Charles Stanley has said.
British Energy owns eight
sites in the UK, including a power
station in Hartlepool, where
plans to build a new reactor were
recently approved.
The proposals could be between
600p and 700p a share,
Charles Stanley said, which is at
the lower end of analyst expectations
and gives the company a
market value of between £6.2bn
and £7.2bn.
What are these links for?
If you liked this article and would like to share it with others on the web who might be searching for good content we've made it easy for you to do it.
At the bottom of all articles, you'll see links to six sites. These sites - commonly called 'social bookmark' or 'social news' sites - have large communities of web users who share and rate interesting, useful and fun things on the web.
Clicking the links will automatically add the address of the story you are reading to one of these sites, letting you share it with others. Each site will ask you to register to share stories. Registration is free and once a member, you can store, recommend and search for stories that interest you.
More on Digg
More on del.icio.us
More on Furl
More on reddit
More on NowPublic/
More on Yahoo!
Print
Email this
Comment
