National Power, amid a review, plans to make big cut in dividend

Article Abstract:

National Power PLC announced its plans to reduce its dividend. John Collins, the chairman of National Power, said that the company will make a major reduction in its dividend following the completion of the sale of its Drax flagship power plant. According to analysts, the 2000 dividend reduction could range from 30% to 50%. The reported dividend reduction raised concerns among investors.

Comment:

Plans to reduce 2000 dividend

United Kingdom, Abstract, National Power PLC

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EU says talks between EnBW, EdF are on track

Article Abstract:

The European Union (EU) said that Electricite de France (EdF) is moving in the "right direction" to satisfy its approval requirements for an acquisition of Energie Baden-Wuerttemberg AG. Both firms may implement "structural remedies" in order to gain approval for the deal.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Foreign operations, Germany, European Union, Mergers, acquisitions and divestments, Electricite de France, Energie Baden-Wuerttemberg AG

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Vivendi is talking to possible partners for Dalkia unit

Article Abstract:

Vivendi SA is engaged in talks with several parties over the possible sale of its Dalkia division. Dalkia is Vivendi's municipal heating unit.

Vivendi Universal S.A., Dalkia

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