British Energy auction attracts little interest
Published May 11th, 2008
Shares in British Energy fell yesterday after another deadline for auction bids passed with little interest being shown in the UK nuclear energy producer.
The lack of interest will be disappointing for the British Government, which is keen to cash in on its 35 per cent stake in the company. At around 700p, the Treasury could pocket more than £4bn at a time when tax and stamp duty receipts are falling and state spending is rising.
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