British Energy (BE) has begun legal proceedings against bank Credit Suisse over finance agreements relating to BE's 2-GW Eggborough coal-fired power station. The transactions relate to the exercise of the lending banks' options to acquire the power station in 2010, BE said. The options were put in place when BE teetered on administration several years back and the company was financially restructured. As part of the restructuring, bondholders gained options to buy Eggborough.
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