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The government is in a desperate race to try and refloat the UK economy before we see a major collapse in the UK employment market. A recent flurry of announcements from various recruitment...
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Friday 23rd May 2008
As news that French utility giant Suez has pulled out of takeover talks with British Energy filters into the market it seems that the bidding war which many analysts had hoped for may not happen. While Suez had said previously that the ongoing merger with Gaz de France was their main priority at the moment there were hopes that they would table a bid for British Energy.
That now leaves French powerhouse EDF and a consortium which includes Iberdrola and RWE to fight it out for the UK’s main nuclear generation company. While there were hopes of a speedy conclusion to the ongoing talks it seems that they may last for some months with a number of factors to consider and situations to discuss. Top of the agenda for many will be the UK government’s future strategy for nuclear power and the potential for British Energy to remain heavily involved.
Even though nothing is ever certain in the world of multi-billion pound takeovers, many analysts believe that British Energy’s days are numbered and at some point it will fall into the hands of an overseas company. What price they will pay and what the future holds for the nuclear industry in the UK remains to be seen. |
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