nuclear-news

world’s largest defence group -French to swoop on British nuclear fuel -Sunday times

FRANCE is preparing an audacious multi-billion-pound tilt at Urenco, Britain’s state-backed nuclear fuel producer.

Areva, the nuclear reactor developer controlled by the French state, hatched the plan after Urenco’s biggest investors — two German utilities and the British government — put their stakes up for sale.

The move sets the scene for a political showdown over the control of a strategically important industry just days after the dramatic collapse of merger talks between BAE Systems and EADS. That deal fell apart because German, French and British politicians could not agree on the ownership of what would have been the world’s largest defence group.

http://www.thesundaytimes.co.uk/sto/business/energy_and_environment/article1147406.ece

October 15, 2012 - Posted by arclight2011 | Uncategorized