French Closer to British Energy Deal

Summary


FRENCH state-owned energy group EdF is edging closer to a [pounds]12bn deal with British Energy, as the falling oil price has forced some investors to reassess their initial opposition to the proposal.

EdF's 765p a share cash offer was rebuffed last month by two leading investors in the nuclear generator, Invesco Perpetual and the Prudential's funds arm M& G.

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Extract


French Closer to British Energy Deal

The shareholders believed at that ti...

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