LONDON (Reuters) - French utility EDF <EDF.PA> has appointed Deutsche Bank to help it prepare for a possible sale of its British power grid as part of plans to reduce debt, the Sunday Times reported, without citing sources.
The grid, which is estimated to be worth about 3 billion pounds, is the largest in Britain and transmits power to almost 8 million homes and businesses.
A sale would allow EDF to reduce the debt taken on after its purchases of Britain's nuclear operator British Energy and half of Constellation Energy's <CEG.N> nuclear business.
EDF declined to comment on the Sunday Times report, but reiterated it was reviewing a range of options to reduce debt.
"EDF has commenced a review of possible asset disposals aimed at reducing net financial debt by at least 5 billion euros ($6.8 billion)" the company said in a statement.
"No decisions have been made yet," it added.
(Reporting by Victoria Bryan)
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