Nuclear group to sell stake in US power company

Troubled nuclear power group British Energy today said it had agreed to sell its 50% stake in AmerGen Energy for £174m (€247.7m).

The group, which is battling to reach a rescue deal with banks and bondholders before the expiry of a British government-imposed deadline of September 30, said it would offload the interest to FPL Energy, a wholly owned subsidiary of US-listed FPL Group.