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EDF in talks to take over British Energy

The Guardian: The French electricity group EDF is ready to unveil a £12bn deal for the takeover of the UK's nuclear power generator British Energy as early as next week.

An agreement - widely expected by those close to the talks - will raise questions about a French takeover of the sector after the French group Areva this month became preferred bidder with two others to takeover management of the Sellafield nuclear complex in Cumbria.

British Energy is attractive to EDF because the sites could be used to build a new generation of nuclear stations.

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