British Energy shareholders still holding out

Egypt News.Net
Saturday 26th July, 2008

Shareholders in British Energy, which is Britain’s nuclear power group, will be offered a share of the company’s future profits by Electricite de France, which wants to take over the company.

Electricite de France have made an indicative offer of about 680p a share for BE.

The price values the group at about £9.5 billion.

Shareholders are holding out for a higher price, with some indicating privately they will not be satisfied with less than 800p a share.

Email this story to a friend

Have your say on this story

Top Stories

Egypt's crude oil and gas reserves hit record levels
Nicosia, Aug 21 : The Head of the Egyptian General Petroleum Corporation (EPGC) Abdallah al-Alim Taha recently said that Egypt's reserves of crude oil and natural gas have hit a record level. [read story]
Glitter destined to roam the world
Gary Glitter has nowhere to go and no friends to turn to after he was refused entry into Hong Kong on Wednesday. [read story]
McCain cutting into Obama numbers
John McCain, the presumptive Republican nominee, has dramatically sliced into Democratic rival Barack Obama's lead in most nationwide polls, bringing the presidential race to a dead heat. [read story]
Spanair victims prove difficult to identify
The identification of bodies of victims in Wednesday's plane crash in the Spanish capital Madrid will take time according to a Red Cross spokeswoman. [read story]
Iran truck accident kills Afghan workers
At least 10 Afghan migrant labourers have been killed after a truck overturned in Iran's southern province of Fars. [read story]

RSS Feed