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Canada to Seek Buyers for Atomic Energy of Canada, Globe Says – Bloomberg.com

Canada to Seek Buyers for Atomic Energy of Canada, Globe Says

By Greg Quinn

May 28 (Bloomberg) — Canada will seek buyers for part of Atomic Energy of Canada Ltd., seeking to boost sales of its Candu reactors, and is looking for new managers of a damaged reactor that makes medical isotopes, the Globe and Mail newspaper said.

The state-owned company would be split into a Candu division and a division for the isotope-producing reactor, the newspaper said, citing people it didn’t name who are familiar with the plans.

The isotope reactor will remain shut down for at least three months to make emergency repairs, and about C$7 billion ($6.3 billion) is needed for waste clean up at the site, the newspaper said.

Canada to Seek Buyers for Atomic Energy of Canada, Globe Says – Bloomberg.com

May 29, 2009 - Posted by Christina Macpherson | business and costs, Canada | antinuclear, nuclear, nuclear costs, radioactive