MARKETS: UP: British Energy
Sunday 15 November 1998
The company, which wants to diversify, made its first acquisition in the US in June and is said to be in talks to buy London Electricity. Although it declined to comment on this it said that it wants to expand into distribution and supplying small customers. "We see advantages in being vertically integrated," said chief executive Peter Hollins. He said the company would like to have a similar sized portfolio of stations in the US as in the UK.
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