EDF close to sealing takeover deal

French energy firm EDF was today said to be close to winning the shareholder support it needs to seal a £12bn (€15bn) takeover of British Energy.

EDF close to sealing takeover deal
Mon, 08 Sep, 2008 - 08:10

French energy firm EDF was today said to be close to winning the shareholder support it needs to seal a £12bn (€15bn) takeover of British Energy.

EDF has reportedly improved the terms of its previous bid and is now hopeful of swaying fund manager Invesco – owner of 15% of BE – into ending its opposition to its proposed takeover of the nuclear power generator.

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