RWE prepares for British Energy takeover
German utility RWE, has emerged as the early leader in a potential battle for control of British Energy.
It was reported that the supervisory board of Germany's second largest utility approved plans for a €2.5 billion (£2.0 billion) bid for the UK government's 35.2% stake in British Energy.
On Monday Livingston-based British Energy revealed it was in talks that could lead to a takeover offer, after the government confirmed it was reviewing its stake. If one party was to buy the stake it would trigger a takeover battle.
Analysts have questioned whether the government would let the UK's nuclear stations fall under foreign control. (scotsman)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.