German utility RWE AG (RWE.XE) is interested in taking a stake in British Energy Group PLC (BGY.LN), German daily Die Welt reports Tuesday, citing sources familiar with the company's management board.
According to the newspaper, RWE plans to offer approximately EUR2.5 billion for the 35.2% stake the U.K. government owns in British Energy. The presidency of RWE's supervisory board Sunday approved its offer, the paper added
"This is market speculation, which we don't comment on," a RWE spokeswoman said.