Financial Times FT.com

Alarm at EDF's UK nuclear bid

By Ed Crooks in London

Published: July 28 2008 03:00 | Last updated: July 28 2008 03:00

EDF's planned takeover of British Energy risks creating serious problems over competition in the UK electricity market, its competitors and customers have warned.

A deal valuing British Energy's equity at about £12.5bn ($24.8bn) is close to being agreed and could be announced this week.

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