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'British Energy and Centrica have to merge'

Invesco, the better individual actor in the UK nuclear accumulation British Energy, has alleged for the aggregation to be alloyed with Centrica, which it says is the alone band-aid for the abiding approaching of both the companies.

The investment accumulation that has 15 per cent of British Energy, as able-bodied as 5 per cent of the owners of British Gas, Centrica, says that the proposals accept been put to the boards of both companies. The plans, which aswell cover a role for the French activity accumulation EDF, are advised to advice the companies to appear "together [so] that they can plan with EDF to body nuclear sites," say Invesco.

Invesco's affirmation that the accord involves the French activity accumulation comes just canicule afterwards EDF's bid for the nuclear accumulation was rebuffed. Earlier this month, EDF's planned takeover of British Energy, which was admired at 765p a allotment and was backed by the Government, was alone by Invesco and by M&G, British Energy's additional better institutional shareholder. It is accepted that the shareholders were searching for a amount afterpiece to 900p a allotment for their stakes.

Centrica is appear to be sanguine about amalgamation with British Energy. Centrica has aswell declared that it would accede a boyhood pale in British Activity should a third affair buy it. Both Centrica and British Activity beneath to acknowledgment calls.

Category: business news Views: 1126 | Added by: moneymaking | Rating: 0.0/0 |

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