Bidders Ready for EDF’s Network Sale

Posted on 08/18/2009

The press release states, “the network is being sold by the French nuclear giant EDF for £4 billion and the Deutsche Bank and Barclays have been appointed to prepare for the sale, which is expected to start next month. The arm of EDF’s business which is up for sale is made up of three regional networks in London, the east and south-east which supply power to around eight million homes. However, the networks are likely to be sold as a whole, with potential bidders including the Abu Dhabi Investment Authority, Cheung Kong Infrastructure and the group owned by Li Ka-shing, Asia’s richest man. Other offers are also expected from three Canadian pension funds – Borealis, Ontario Teachers, and Canadian Pension Plan, as well as utility company Scottish & Southern and network monopoly National Grid.”

read more: UK Trade & Investment

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