French utility EDF is considering the sale of its British gas and coal plants and has used Barclays bank to approach potential buyers, two sources familiar with the matter said. EDF and Barclays both declined to comment. Heavily indebted EDF wants to sell off non-core assets in order to invest tens of billions of euros in its nuclear power business over the next decade, including in the UK the nuclear reactor project at Hinkley Point. Two sources said Barclays has approached potential buyers on behalf of EDF on an informal basis to gauge their interest in a possible sale of the assets. The French company owns two coal power plants in Britain: Cottam and West Burton A, along with the West Burton B gas plant.
Reuters 8th June 2016 read more »