Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Israel hits targets in Gaza despite diplomatic efforts for ceasefire

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • US courts' conflicting rulings cast shadow on future of Obamacare

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Ukraine rebels release bodies, black boxes from flight MH17

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

EDF to make improved bid for British Energy

Latest update : 2008-09-23

After a failed attempt in July, French energy giant EDF is set to offer 15.6 billion euros for British Energy, according to the Wall Street Journal. A deal would pave the way for construction of a new generation of nuclear plants in the UK.

French electricity group EDF on Wednesday is to put forward a new 15.6-billion-euro (23-billion-dollar) offer for British Energy, the Wall Street Journal reported Tuesday in its online edition.
  
Electricite de France, Europe's leading energy producer, made an offer worth 15.5 billion euros for British Energy, the operator of British power stations, in late July.
  
But that proposal, worth 12.2 billion pounds, was rejected as too low by two of British Energy's shareholders, the investment funds Invesco and M and G.
  
The Wall Street Journal said EDF was now ready to offer 774 pence per share, nine pence more than in July, or a total of 12.4 billion pounds.
  
A source close to the matter told AFP earlier Tuesday that the EDF board "would consider an offer" to acquire British Energy.
  
The EDF board met Tuesday and the company was to hold a press conference at 0645 GMT in Paris on Wednesday, the source added.
  
EDF chairman Pierre Gadonneix has said his group would not buy British Energy "at any price."
  
The British government, which is seeking to sell its 35.2 percent stake in British Energy, wants to see a renewal of its nuclear-power generating capacity and the group's assets are seen as a springboard for any such effort.
  
Under takeover rules, any bid for the government stake would trigger an offer for the rest of the group.

Date created : 2008-09-23

COMMENT(S)