Saturday 5th July 2008
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British Energy gets proposals from several parties

British Energy gets proposals from several parties

16.05.2008

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British Energy has received a range of proposals from several parties and the nuclear power generator said it is continuing discussions with all of them.

"The company has received a range of proposals from several parties wishing to make a full offer for the company including the Nuclear Liabilities Fund's convertible cash sweep interest," it said.

The group said some of the proposals include prices higher than its closing share price from yesterday.

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"The board has reviewed the proposals and has decided that discussions should continue with all the parties concerned," it added.

British Energy stressed that each of the proposals require "further development", which means the process may continue for a few weeks.



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