[Pounds]10bnnuclear Bidding Battle

Mail on SundayMay 11, 2008

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Summary


SPANISH energy giant Iberdrola, owner of ScottishPower, and Suez of France will this week launch rival [pounds]10 billionplus bids for British Energy that are expected to top Friday's allcash offer from EDF.

No details have been given of EDF's proposal for Britain's only nuclear power operator, but it is understood to be less than the 701p-a-share at which BE was trading at the end of the week.

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[Pounds]10bnnuclear Bidding Battle

Centrica, paren...

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