Date:25/09/2008 URL: http://www.thehindu.com/2008/09/25/stories/2008092553961600.htm

Business

EDF clinches British Energy deal

PARIS: British Energy accepted a takeover bid worth more than euro 15 billion from French electricity firm EDF in a tie-up set to transform Britain’s nuclear energy sector, officials said on Wednesday. The takeover will cost EDF up to euro 15.7 billion ($23 billion), depending on the exact payment terms agreed by shareholders, the company said.