FT: EDF seeks sale of UK electricity distribution business - Quick Facts

EDF (EDFEF.PK) is weighing the benefits of selling its regulated electricity distribution business in the UK as it seeks disposals in order to help it cut the debt built up after a year of costly foreign acquisitions, FT reported.

The reports said that no decision has been made. However, the reflection is part of a wider strategic review of the nuclear power operator's industrial future as it faces unprecedented investment requirements in France and abroad.

People close to EDF's board reportedly said management was considering whether to focus purely on power generation internationally.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com