Arbib sold the company in 2001 for more than £1 billion, receiving £113 million in cash and shares worth an estimated £300 million.
Held a 22 per cent stake in Circle Holdings, a private health company that was awarded the disastrous £1.2 billion contract to run the Hinchingbrooke hospital in Cambridgeshire.
In 2008 British Energy's biggest investor, Invesco Perpetual called for the nuclear power generator to merge with British Gas owner Centrica. The proposal was confirmed in a Times article which also reported how the British 'Government wants the use the sale of British Energy ... as an opportunity to kickstart the construction of a new generation of nuclear power stations'.
- Andrea Leadsom, who went on to become a Conservative MP in 2010, economic secretary in 2014, then energy minister in 2015
- Cicero held the account for a number of years
- BBC News ' BE backer 'proposes Centrica tie' 24th August 2008. Accessed 26 August 2008
- Pagnamenta, R. & Kennedy, S. (2008) 'Centrica issues British Energy statement'. 8 August 2008. Accessed 26 August 2008