Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • Bitcoin USD

    60,870.66
    -2,002.72 (-3.19%)
     
  • CMC Crypto 200

    1,261.36
    -96.65 (-7.12%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • Dow

    39,512.84
    +125.08 (+0.32%)
     
  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     
  • Gold

    2,366.90
    +26.60 (+1.14%)
     
  • Crude Oil

    78.20
    -1.06 (-1.34%)
     
  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Infrastructure fund consortium bids for stake in UK's nuclear power stations

(Reuters) - A consortium of infrastructure funds led by Dalmore is in advanced talks to buy a stake in Britain's nuclear power stations from EDF Energy <EDF.PA> and Centrica Plc <CNA.L> for about 1.2 billion pounds, Sky News reported on Saturday.

Dalmore, Equitix and GLIL Infrastructure are looking to acquire about 20% of the business, the report said.

EDF Energy and Centrica would sell 10% of the EDF Generation business, Sky reported, adding that JP Morgan has been tasked with finding investors to acquire more shares of the French state-owned utility and Centrica's remaining stake.

Centrica declined to comment on the report while EDF Energy did not immediately respond.

(Reporting by Maria Ponnezhath in Bengaluru, editing by Louise Heavens)