Financial Times FT.com

Suitors lining up for British Energy

By Ed Crooks, Energy Editor

Published: May 16 2008 09:08 | Last updated: May 17 2008 00:13

British Energy has received proposals for potential bids from three separate groups, keeping open the possibility of a contested auction for Britain’s primary nuclear generator, according to a person with knowledge of the negotiations.

In a statement on Friday, British Energy said it had “received a range of proposals from several parties wishing to make a full offer for the company . . . These include proposals priced higher than the company’s closing share price on 15 May 2008 [680p].”

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