Reports: Centrica to buy stake in British Energy for US$4.7bil


LONDON British energy firm Centrica PLC is on the brink of a deal to buy a 25 percent stake in nuclear power operator British Energy for 3.1 billion pounds (US$4.7 billion), newspapers reported Sunday.

The Sunday Times and Sunday Telegraph said French power provider Electricite de France SA had agreed to sell the stake to Centrica, which owns British Gas.

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