Press Association: The UK’s nuclear power strategy is mired in uncertainty after a takeover of generator British Energy collapsed at the 11th hour. The £12 billion swoop by state-owned EDF of France had been seen as a key step towards the proposed construction of new nuclear power plants in the UK. But EDF’s hopes of unveiling a takeover deal were dashed when two of British Energy’s biggest City shareholders reportedly called for a higher price tag to reflect rising energy prices. The …
United Kingdom: £12bn nuclear deal collapses
Press Association: The UK’s nuclear power strategy is mired in uncertainty after a takeover of generator British Energy collapsed at the 11th hour. The £12 billion swoop by state-owned EDF of France had been seen as a key step towards the proposed construction of new nuclear power plants in the UK. But EDF’s hopes of unveiling a takeover deal were dashed when two of British Energy’s biggest City shareholders reportedly called for a higher price tag to reflect rising energy prices. The …
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