BE investor declines to sell to EdF amid growing concerns

One of British Energy’s biggest investors has so far declined to sell its stake to EdF, believing that the French company’s £12.5bn takeover bid may yet fail regulatory hurdles. By Russell Hotten, Industry Editor M&G, which owns 5pc of the UK nuclear power generator and helped block EdF’s original offer, argues that the revised bid significantly undervalues British Energy. The investment group’s continuing... [read full story]