U.K. electricity companies could be the next business sector to embrace securitization, according to the latest market speculation. It is believed that Bayerische Landesbank, Bank of Tokyo-Mitsubishi, Royal Bank of Scotland and Citibank are in discussions with several companies over possible deals as the power industry looks at new means of raising finance.

Over the last year or so the electricity business has been deemed a likely source of deals following the opening of the market to full competition last year. Since then, a degree of consolidation has taken place with a high number of takeovers as companies sought to win customers from outside their base regions.

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