World

 

Bolivia

Peru

Trinidad &
Tobago

Venezuela






Very usefull links



Institutional
links

 




Services
& Products



Welcome back on
26 -29 August,
ONS 2008

Bridging the energy gap
is ONS 2006 theme,
from 22-25 August,
in Stavanger, Norway


Petroleumworld
Business
Partners
:





 


 

 





Centre for
Global Energy
Studies

 




 

New French giant GDF Suez interested in British nuclear sites

 

 

PARIS
Petroleumworld.com, July 17, 2008


Newly formed global energy giant GDF Suez of France is interested in nuclear power operator British Energy but only if the company is split up and sold off site by site.

"If the plan remains to sell British Energy in one go, then it will be sold without us," said GDF Suez head Gerard Mestrallet in an interview with Les Echos daily to appear Thursday.

To acquire the company in a bloc "would require an enormous amount of investigation and in a very short period of time, a very heavy investment in an industry where the least problem costs a lot of money," Mestrallet said.

"That is not in our plans."

The head of GDF Suez, formed Wednesday after shareholders approved the tie-up between Gaz de France and Suez, noted the issue could be revisited "if one returned to the initial plan, which envisaged a sale of the company site by site."

At the same time, "other opportunities besides British Energy will come along -- I am certain of that," he said.

The British government plans to sell its 35.2 percent stake in British Energy but the company said early last month that a series of takeover proposals it had received from unnamed parties undervalued the company.

French state-owned energy giant EDF has been touted as a prospective suitor for the compnay.

Story from AFP
AFP 16 1939 GMT 07 08

Copyright© 2008 respective author or news agency. All rights reserved.
We
welcome the use of Petroleumworld stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.

 

 

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com





Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

 

 

   


Contact:
editor@petroleumworld.com/phones:(58 412) 996 3730 or 952 5301
www.petroleumworld.com-Editor:Elio Ohep /
Publisher-Producer:Elio Ohep.
Contact Email:
editor@petroleumworld.com
Legal Information. CopyRight 2002, Elio Ohep.- All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.