BE merger in Centrica plans
BRITISH Gas owner Centrica will discuss revisiting plans for an all-share merger with British Energy when it meets shareholders this week.
Centrica chief executive Sam Laidlaw is expected to discuss the plan with key investors including Invesco and M&G Investment Management, which hold stakes in both companies.
Sources say it is "inevitable" the subject will come up, but it is unlikely anything concrete will happen for the rest of summer.
It follows British Energy's decision to reject a 12 billion bid from the French energy giant EDF last Thursday, after opposition from Invesco and M&G.
The Government, which holds a 36 per cent stake in BE, is expected to put pressure on EDF to table an improved offer.
Email to a friend
Print this page- Rangers run into the ground as furious HRMC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Rangers blame HMRC for driving club to brink of administration
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Wednesday’s football news and gossip
- The Rumour Mill: Tuesday’s football news and gossip
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Thursday 16 February 2012
Today
Cloudy
Temperature: 5 C to 10 C
Wind Speed: 21 mph
Wind direction: South west
Tomorrow
Light rain
Temperature: 5 C to 10 C
Wind Speed: 20 mph
Wind direction: South west
