EDF To Sell Off UK Business?
Utility Exchange has reported previously that EDF may be considering selling part of British Energy but telegraph.co.uk reports today that EDF may now be looking at selling its UK business.
EDF has said it’s looking at options for EDF Energy as EDF’s debts have grown significantly after it bought British Energy last year.
The chief executive of EDF has promised the French government that it would reduce its debts by 5bn euros by the end of 2010.
It remains to be seen how EDF will reduce its debt. The options look like either selling off part of British Energy or selling off its UK business.
See also: http://www.utility-exchange.co.uk/2009/09/edf-to-sell-another-share-of-british-energy/