(Reuters) - Britain, Germany and the Netherlands have asked prospective buyers for their jointly-owned nuclear fuel enrichment firm Urenco to submit indicative bids by year-end, sources familiar with the process said.
The governments, which each own a third of Urenco, have agreed to test the market's appetite for the world's second-largest nuclear fuel vendor before deciding whether to kick-start a privatisation process that could fetch up to 10 billion euros ($13 billion), said the sources.
The UK Government’s plans to raise £3bn from the sale of uranium enrichment group Urenco may have hit a stumbling block after it emerged that the Dutch government is understood to have raised concerns about the sale of its stake.
The Dutch and UK governments each own a third of Urenco, one of the world’s biggest uranium enrichment companies, while Germany’s top two utilities, RWE and E.ON, own the rest.
Ministers are looking to raise up to £3bn before the end of the year through the sale of the government's 33 per cent stake in Urenco, the uranium enrichment company, in one of the biggest privatisations in years.
The deal would be a relief to the Treasury, which hopes that a series of sales will put a dent in the country's towering debt. Royal Mail could also be sold this year, raising £3bn-£4bn.
HOLLAND has dropped its historic opposition to a sale of Urenco, clearing the way for a full privatisation of the state-backed nuclear fuel maker.
The sudden change of heart came after several rounds of intergovernmental talks over the future of Urenco, which is owned by the governments of Britain and Holland and two German utility companies.
LONDON (MarketWatch) -- Toshiba Corp. is weighing plans to bid for Urenco, the nuclear fuel producer backed by the U.K., the Netherlands and two German energy giants, the Sunday Times reports without citing sources.
The newspaper says the Japanese industrial giant, which owns the nuclear reactor builder Westinghouse Electric, wants to bid for the business if and when it comes on the market.
Urenco, which enriches uranium for nuclear fuel, is owned by the U.K. and Dutch governments and German firms RWE A.G. and E.ON S.E., who own a third each.
Accident investigators will today begin their investigation into the cause of an explosion at a company which makes centrifuges for the Urenco uranium factory in Almelo.
No-one was hurt in the blast, which the fire brigade describes as a ‘chemicals incident’.
Trouw (web), 11 september 2007
(Novum) - De PvdA wil de Kernenergiewet aanpassen, zodat het bedrijf Urenco verantwoordelijk kan worden gesteld voor de export van kernenergie naar Rusland. Tweede Kamerlid Diederik Samsom vindt dat parlementaire toestemming aan het uitvoeren van uranium vooraf moet gaan.
