Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

EdF purchase of British Energy back on

French energy giant EdF today made a fresh £12.5bn bid for British Energy, the UK's largest operator of nuclear power stations.

British Energy owns eight of the UK's 10 operational nuclear power plants, and a takeover would potentially hand its new owner a monopoly on the construction of a new generation of facilities.

EdF last month pulled out of a planned £12bn takeover of the nuclear generator after unexpected shareholder opposition.

The French generator has now made an approved offer of 774p, up 9p per share on the original proposal, and this has been accepted by the British Energy board.

"We are delighted that the British Energy board has unanimously accepted this offer," said EDF chairman Pierre Gadonneix.

"This paves the way for investment in the UK."

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.