EDF receives EC nod for British Energy takeover
By NS Admin Published 30 November 1999Centrica said that it continues to be in discussions with EDF regarding the possible acquisition of a 25% stake in Lake Acquisitions, EDF's specially created subsidiary for the British Energy takeover. Sam Laidlaw, CEO of Centrica, said: "We welcome the commission's clearance for EDF's acquisition of British Energy. Having already raised financing from our shareholders, we now look forward to concluding our discussions with EDF for Centrica to acquire a 25% stake in British Energy."
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