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Invesco Backs a Merger

Posted in Nuclear,UK by Cheryl Morgan on the August 26th, 2008

The latest news on the interminable British Energy saga is that Invesco, the largest City shareholder in BE, thinks that a merger with Centrica is the “obvious solution” for the nuclear generator. Previous rumors had suggested that lack of cash was one of the obstacles that led Invesco and Prudential to back out of the EdF sale. Invesco is apparently now saying that this is not the case. So who exactly is holding out for cash. Is there someone involved in the process who is desperate for money? Would that be you, Mr. Brown?

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