EDF has bid alone for British Energy

Fri May 9, 2008 6:13pm BST
 
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LONDON (Reuters) - French utility EDF (EDF.PA: Quote, Profile, Research) has submitted a takeover proposal for UK nuclear generator British Energy (BGY.L: Quote, Profile, Research), sources familiar with the matter said on Friday.

The Paris-based company, which sources familiar with the matter had said planned to bid "substantially less" than 700 pence per share, has made its offer alone rather than with a partner, said the sources.

EDF could however yet tie up with a rival like energy supplier Centrica later in the process, said the sources.

EDF and British Energy declined to comment.

(Reporting by Mathieu Robbins; Editing by David Cowell)

 
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