Banks grab distressed UK assets

Six European banks – Abbey, Bayerische Landesbank, Bank of Scotland, HVB, Lloyds TSB and The RoyalBank of Scotland – have formed an acquisition vehicle, CGE Power, whichaims to consolidate the UK independent power generation market by acquiring andoperating a portfolio of distressed power assets.

According to a source close to the formation of CGE, the company aims to acquirearound half of the estimated £5.5 billion, 20GW distressed asset base inthe UK.

The London-registered company has appointed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here