State-controlled utility Electricite de France SA (1024251.FR) could soon conclude a deal to acquire British Energy Group PLC (BGY.LN), French business daily La Tribune reports Thursday, citing unspecified sources.
La Tribune reports that a new deal would retain the same finance conditions as previously planned.
In its initial offer, EdF had offered shareholders either a full cash offer at 765 pence a share, or 700 pence a share in cash and contingent value rights.
La Tribune reports that a new price for the second option would be increased to no more than 715 pence a share plus 10%, without being more specific, and that the overall price can't exceed 786.5 pence a share.
The paper says that a deal could be concluded very soon, and at the time the article was published, EdF's supervisory board had not met to approve such a deal.
A person close to the matter Wednesday told Dow Jones Newswires that EdF had reached a deal with the two funds that blocked EdF's initial offer for British Energy.
French business daily Les Echos, in its Thursday edition, reported that a source close to the company had confirmed that EdF reached a deal with the two funds.