Published Date:
03 January 2009
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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Last Updated:
02 January 2009 9:49 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
British Energy
