UK to expand nuclear energy plan after BE takeover

French group EDF today agreed a £12.5bn (€15.8bn) takeover of British Energy in a move set to kick-start the UK's nuclear power strategy.

UK to expand nuclear energy plan after BE takeover
Wed, 24 Sep, 2008 - 10:36

French group EDF today agreed a £12.5bn (€15.8bn) takeover of British Energy (BE) in a move set to kick-start the UK's nuclear power strategy.

The state-owned utility giant will pay 774p a share, 9p higher than the price offered in July which was rejected as too low by major British Energy shareholders.

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