Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is EDF set to offer 774p per British Energy share?

Rumours are rife that EDF is finally on the verge of tabling a new improved offer for long term target British Energy. The deal looks like going through after heavy intervention from the UK government which holds a 30% stake in the operation. However, there is some ill feeling in the City because investors had already rejected an offer just 9p lower having dismissed the terms as derisory. So what is happening?

There is a double edged sword here in that the UK government cannot afford to fund the expensive nuclear energy expansion program which is planned for the UK, hence the need to bring in a major partner with the muscle of EDF. Many claim that the industry is literally being sold down the river to avert massive costs to the government in the future.

On the other hand the government also has a 30% stake which will bring in just over £4 billion of much needed income into the Treasury coffers. Funds which many now expect to be used to 'buy' voters in the UK who are struggling to meet the ever rising cost of living.

Either way the City's relationship with the government has not been enhanced by this forceful sale of British Energy - should it eventually go through this time.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details