Warnings That British Energy Is a Risky Proposition Energy: Sale
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Summary
ELECTRICITY companies would be mad to go ahead with their GBP7 billion-plus takeover of British Energy, according to two leading industry authorities.
With the preliminary bidding deadline for the goverment's 35per cent stake in the East Kilbride-based nuclear power company having passed on Friday, Professor Steve Thomas of Greenwich Business School in London told the Sunday Herald that it was being made to look more attractive by high electricity prices. He believed that the bidders were in danger of buying at the top of the market.See the full content of this document
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Warnings That British Energy Is a Risky Proposition Energy: Sale
He said: "The prices are insane. It's based on an assumption that fossil fuel prices will stay high forever,...
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