French close in on British Energy
FRANCE'S state-owned electricity supplier, EDF, moved one step closer to becoming the UK's biggest electricity producer last night.
In a statement to the stock exchange, EDF said it had waived outstanding conditions of its bid and was now awaiting a conversion of shares held by the UK government's Nuclear Liabilities Fund – which holds 35.5 per cent of shares in British Energy, thus allowing the 12.5 billion deal to complete.
EDF is the world's biggest nuclear electricity generator, and Europe's biggest energy utility.
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Weather for Edinburgh
Friday 17 February 2012
Today
Cloudy
Temperature: 5 C to 11 C
Wind Speed: 23 mph
Wind direction: South west
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Cloudy
Temperature: -1 C to 6 C
Wind Speed: 25 mph
Wind direction: West
