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

Sat, 14th Sep 2019 15:16

Sept 14 (Reuters) - A consortium of infrastructure funds ledby Dalmore is in advanced talks to buy a stake in Britain'snuclear power stations from EDF Energy and Centrica Plcfor about 1.2 billion pounds ($1.50 billion), Sky Newsreported on Saturday.

Dalmore, Equitix and GLIL Infrastructure are looking toacquire about 20% of the business, the report said https://news.sky.com/story/consortium-powers-up-bid-for-stake-in-6bn-nuclear-fleet-11809332.

EDF Energy and Centrica would sell 10% of the EDF Generationbusiness, Sky reported, adding that JP Morgan has been taskedwith finding investors to acquire more shares of the Frenchstate-owned utility and Centrica's remaining stake.

Centrica declined to comment on the report while EDF Energydid not immediately respond.($1 = 0.7997 pounds)(Reporting by Maria Ponnezhath in Bengaluru, editing by LouiseHeavens)

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