RWE prepares for British Energy takeover

Deals

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)

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