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- | M&A
- | On the move
- Tuesday, February 12, 9:40 AM Any plans the U.K. had for building new nuclear plants appear to be in trouble, as a standoff over a guaranteed electricity price shows no sign of ending. In a setback for plans to replace aging coal-burning and nuclear plants, the disagreement between the U.K. government and Electricite de France likely will further delay a decision to build the much-needed plants until at least the summer. 3 Comments [Energy, Global & FX]
- Tuesday, January 15, 2:51 PM Two consortia led by French power group Electricite de France and financial firm Caisse des Depots are the two final bidders for Total's (TOT) gas storage unit TIGF, WSJ reports. TIGF was put up for sale by TOT last fall as part of a strategy to sell as much as €20B ($26.7B) in assets by 2015 to help boost cash flow and finance major investments; TIGF is valued at €2.5B-€3B. Comment! [Energy, Global & FX]
- Thursday, November 15, 2012, 9:19 AM European energy companies with minority stakes in Russia's Gazprom-led South Stream natural gas pipeline can exit the project if certain conditions aren't "satisfied in the future," according to the company managing the construction of the underwater part of the project. Minority partners include Eni (E), BASF and Electricite de France. Comment! [Energy, Global & FX]
- Tuesday, December 27, 2011, 5:01 AM Electricite de France (ECIFY.PK) signs a preliminary deal to increase its stake in Italian power utility Edison to 80.7% from 50% for €700M. Comment! [M&A, Global & FX, Energy]
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