nuclear-news

Buyer sought for nuclear energy developer as it collapses into administration

By Adam Beech, 31 Mar 2025, https://www.insidermedia.com/news/midlands/buyer-sought-for-nuclear-energy-developer-as-it-collapses-into-administration

A nuclear energy developer based in the West Midlands has been placed into administration, with a buyer now sought. 

Jonathan Amor and Richard Oddy of Azets were appointed as administrators of Moltex Energy Ltd on 17 March following “the failure to achieve the majority shareholder consent to new investments” or “the sale of its assets”. 

While the company is in administration, the subsidiary undertakings of Moltex Energy Canada Inc and MoltexFLEX Limited will continue to trade as usual and are unaffected.

The administrators intend to market the business and assets for sale, including the intellectual property and shareholdings of the subsidiary operations. 

The intention is to seek an acquirer that is “well-positioned and suitably funded to develop the technology interests of the company further for the benefit of all stakeholders”.

April 3, 2025 - Posted by Christina Macpherson | business and costs