The UK nuclear power company British Energy saw its shares jump by 6pc today following reports that French energy giant EDF were planning to buy the company.
Reports in the French newspaper La Tribune said that EDF were set to make a bid for the UK company which is valued at around £7billion. The news comes after the British government confirmed last month that it would sell its stake of 36% in British Energy.
The government sold off 25% of British Energy last year, raising £2billion.
EDF operates 19 nuclear plants in France providing 80% of the nations energy. The UK government wants to build new nuclear power stations on existing sites that are due to be de-commissioned over the next ten years.
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