French firm not submitting buyout bid for Constellation

Published October 16, 2008 4:00am ET



French energy giant Electricite de France said Wednesday it would not make a new bid for Constellation Energy, citing the difficult worldwide credit market.

“After discussions with several potential American partners, EDF has determined that current conditions are not conducive to presenting a new offer for Constellation Energy Group,” EDF said in a statement.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.