British Energy says no agreement with EDF over takeover

LONDON: British Energy, the nuclear power operator, said on Friday that it had yet to reach an agreement regarding a takeover by French energy giant EDF.

British Energy said in a statement that "advanced discussions with a party have continued but without agreement to date."

State electricity company Electricite de France had said earlier on Friday that conditions were not right for "a major development in Great Britain," apparently giving up an imminent bid for British Energy.