British Energy

The privatised nuclear power generator, supplying 20% of Britain's electricity, had to be bailed out by the government to the tune of £410m in 2002 to meet the company's debts. A restructuring deal was agreed in which the company's creditors agreed a debt-for-equity swap in which they take control of 97.5% of the shares leaving the existing shareholders with just 2.5%. The restructuring deal has been extended to March 2005. British Energy was delisted from the London Stock Exchange as part of the agreement from where it was first privatised as part of the Tories electricity privatisation.


European Services Strategy Unit, Duagh, Camp, Tralee, County Kerry, Ireland.
Copyright © 1998-2017 European Services Strategy Unit

This document was created by Dexter Whitfield on 2012-12-27 09:14:26.
This document was last modified by Dexter Whitfield on 2012-12-27 09:14:30.
This website has been developed, maintained and hosted by Webarchitects since 1998.