Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
A consortium of infrastructure investors are reportedly nearing an agreement to buy a 20 per cent stake in the UK’s nuclear fleet from EDF Energy and Centrica.
The deal, said to be worth £1.2 billion, could be signed within the next weeks, according to unnamed sources quoted by Sky News.
EDF Energy and Centrica would each sell a 10 per cent stake in the fleet, leaving them with respective shares of 70 per cent and 10 per cent. They would be bought a consortium led by Dalmore Capital including Equitix and GLIL.
Banking sources also told Sky that JP Morgan has been instructed to find investors willing to acquire more of EDF’s shares as well as Centrica’s remaining interest. EDF reportedly wants to maintain a majority stake in the fleet.
Centrica first revealed its interest in selling its 20 per cent stake in 2017.
Neither EDF nor Centrica have yet responded to a request for comment.
The UK currently has eight nuclear power stations with a combined generation capacity of 9GW.
Please login or Register to leave a comment.