If at first you don’t succeed, try, try again. After being rebuffed in its first bid for Baltimore-based Constellation Energy in mid-October, European electricity giant Electricité de France S.A. (EDF) is attempting an end-around as subsidiary EDF International proposes to acquire through a joint venture a 50% ownership interest in Constellation’s nuclear generation and operation business for $4.5 billion.
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EDF’s New Bid Targets Constellation Nuclear
If at first you don’t succeed, try, try again. After being rebuffed in its first bid for Baltimore-based Constellation Energy in mid-October, European electricity giant Electricité de France S.A. (EDF) is attempting an end-around as subsidiary EDF International proposes to acquire through a joint venture a 50% ownership interest in Constellation’s nuclear generation and operation business for $4.5 billion.
December 4, 2008
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