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Germany and UK selling out from uranium enrichment company

German Paper: RWE and E.ON Consider Urenco Sale, Nuclear Street,  Sep 8 2011 Reports indicate two German utilities are preparing to sell their stake in Urenco, a uranium enrichment company that recently opened a new centrifuge plant in New Mexico.

Handelsblatt, a German business newspaper, quoted unnamed sources from RWE and E.ON as saying they’ve hired consultants to begin the process of selling their Urenco holdings. The moves follow the German government’s decision to phase out nuclear power after the Fukushima Daiichi accident in Japan.

Urenco’s other owners include the governments of the United Kingdom and the Netherlands. In recent years, the UK also has indicated it wants to sell its 33 percent stake in the company. ….

September 9, 2011 - Posted by | business and costs, Germany, Uranium

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