EDF, Centrica to buy British Energy: Report
French energy giant EDF and Centrica are to buy British Energy for more than 12 billion pounds, while an official announcement was likely early next week, the BBC said on Thursday.
By Agencies |
LONDON: French energy giant EDF and Centrica are to buy British Energy for more than 12 billion pounds (15.2 billion euros, 23.9 billion dollars), while an official announcement was likely early next week, the BBC said on Thursday.
"We hope it will be done in the next few days," an executive close to the companies was quoted as saying on the BBC's news website.
British Energy is a third-owned by Britain's Labour government, which wants to sell its interest. Centrica owns British Gas, Britain's largest supplier of gas to homes.
"We hope it will be done in the next few days," an executive close to the companies was quoted as saying on the BBC's news website.
British Energy is a third-owned by Britain's Labour government, which wants to sell its interest. Centrica owns British Gas, Britain's largest supplier of gas to homes.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
