British Energy is considering parceling the company's nuclear sites into a series of joint ventures rather than sell the whole company to one bidder, a source close to negotiations told Platts Monday.

The UK nuclear generator has been thinking of returning to what the source called "Plan A" after failing to flush out any offers that have matched its own estimation of the company's worth.

The source confirmed Monday a report in the London Sunday Times that the board of British Energy have been working on the joint-venture plan in parallel with putting the company up for sale, believing that it could offer more long-term value than an outright takeover. ... Read full article