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British Energy

Volume 482: debated on Tuesday 11 November 2008

To ask the Secretary of State for Energy and Climate Change what recent estimate he have made of the value of the Government's holdings in British Energy. (232043)

In the context of EDF's proposed takeover of British Energy (BE), HMG have given an irrevocable commitment to sell its stake in BE at the cash offer price of 774p per share, which would raise £4.4 billion for the Nuclear Liabilities Fund. HMG consider the offer price to be value for money for its stake.