Companies

May 11: EDF sells 20% of BE to Centrica

EDF on Monday announced the sale of a 20 per cent stake in British Energy to Centrica of the UK, in a deal that would value the French group's recently acquired nuclear operator at close to 10 per cent less than the £12.4bn it paid last year. Ed Crooks, energy editor, talks to Daniel Garrahan about whether Centrica has done a good deal and the prospects for further consolidation in the European energy sector. Produced by Darryl Thomson. DG