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NDA Announces Marketing Agreement with EDF for Land Disposals
24 September 2008
On the 10 September, the NDA announced that it was preparing an initial tranche of land sales at its sites at Wylfa, Bradwell and Oldbury. In connection with these sales, the NDA today announced that it has reached an agreement with EDF for the joint marketing of land at these sites.
This follows today's announcement by EDF that it is making a recommended offer for British Energy plc.
EDF has acquired substantial land interests around the NDA land at Wylfa. Both NDA and EDF have agreed that the simultaneous marketing of their land interests at Wylfa is more likely to secure value for money than doing so separately. The simultaneous marketing agreement sets out that this sale process shall take place as soon as practicable and anticipates that the NDA’s land at Oldbury and Bradwell will be sold concurrently.
Should EDF’s offer for British Energy not complete then the agreement falls away.
As announced on the 10 September, NDA-owned land near Sellafield will be subject to a separate statement, given the complex nature of that site.
The NDA, as part of its mission, aims to maximise the return on its commercial assets where appropriate. Any such monies raised through asset sales will be retained by the NDA to support its mission.
